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News
Korea Aims to Seal U.S. Investment Deal This Week, Minister Says
8+ hour, 12+ min ago (369+ words) ■ Final Round of Talks on U.S. Investment Package Kim Jung-kwan: Deal Could Be Struck This Week Minister Stays Silent on Gas Plant, Nuclear Projects Rules Out Exceeding $200 Billion Investment Cap Trade, Industry and Energy Minister Kim Jung-kwan said South Korea…...
Korea Weighs Easing Tax Penalties on Non-Occupant Homeowners
6+ hour, 25+ min ago (679+ words) Seoul Economic Daily...
Non-Occupancy Alone Does Not Prove Speculation, Nominee Says
13+ hour, 11+ min ago (328+ words) Seoul Economic Daily Lee Hyung-il, the nominee for deputy prime minister and finance minister, said there are aspects that make it "difficult to conclude that demand is speculative based solely on the fact that the owner did not live in…...
Seoul Mayor Says Government Is Deluding Itself on Gangnam Price Slowdown
16+ hour, 32+ min ago (195+ words) Oh Se-hoon Criticizes Housing Policy in Social Media Post on the 13th Says Price Gains Far Outpace Those Under Moon Administration Points to Sharp Rises Outside Gangnam as Districts Play Catch-Up Calls for Full Review of Supply, Lending and Tax Policies…...
Seoul's Only New Public Housing Site Stalls Amid Resident Backlash
8+ hour, 16+ min ago (346+ words) Seoul Economic Daily A public briefing on the development of Yeomchang Neighborhood Park in Seoul's Gangseo District, the only new public housing site in the capital named in the government's Aug 13 fast-track housing supply plan, collapsed amid opposition from local…...
Hanwha, Shinsegae Join Lotte in Luxury Housing Race
8+ hour, 16+ min ago (273+ words) Seoul Economic Daily The luxury rivalry among South Korea's major conglomerates, long fought over department stores and hotels, is expanding into housing Lotte already runs Signiel Residence, and now Hanwha and Shinsegae are entering the residential business, betting on their…...
Burned by PF Losses, Korean Trust Firms Turn to Redevelopment
8+ hour, 17+ min ago (296+ words) Seoul Economic Daily South Korean real estate trust companies, hit hard by soured project financing (PF) loans, are accelerating a shift away from high-risk land trust mandates and into lower-risk urban redevelopment projects New risk exposure, including completion-guarantee deals, has…...
Storm Insurance for Small Merchants Collapses as Subsidies Shrink
8+ hour, 18+ min ago (249+ words) Enrollment Rate Fell to 5.1% Last Year Payouts Jumped 67% as Natural Disasters Grew More Frequent "Weak Enrollment Base Calls for Urgent Support System" The drop in enrollment coincides with cuts in premium support from the central and local governments. The subsidy…...
Retailers Widen Chuseok Gift Lineups With Aged Beef, Premium Liquor
16+ hour, 53+ min ago (302+ words) Seoul Economic Daily South Korea's retail and liquor industries are expanding their gift set lineups ahead of Chuseok, the autumn harvest holiday Alongside traditional holiday staples such as Korean beef and fermented soybean pastes, they are adding products differentiated by…...
Coupang Pilots Brand Hotline to Fight Counterfeit K-Beauty
11+ hour, 17+ min ago (281+ words) Brand Protection Seminar Held With Korea Cosmetic Association Overseas Blocks on Fake Korean Cosmetics Double in Two Years Coupang (CPNG) is piloting a dedicated hotline for cosmetics brands to strengthen its response to counterfeit K-beauty products. The company said it…...