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News
Bundang Apartment Prices Top Nationwide With 29.5% Yearly Gain
3+ hour, 3+ min ago (249+ words) Apartment prices in Bundang, a district of Seongnam in Gyeonggi Province, are climbing sharply. Rising home prices in Seoul, combined with expectations for rebuilding of aging complexes, have driven a string of transactions at prices several hundred million won higher…...
Korea's Early-September Exports Hit Record $35 Billion on Chip Surge
2+ day, 5+ hour ago (373+ words) Korea Customs Service Data for Sept. 1-10 July Record Broken in Two Months; Daily Average $4.11 Billion Chips Account for 47.1% of Shipments; Auto Exports Up 10% Exports to U.S. Jump 137.5%; Trade Surplus at $10.4 Billion South Korea's exports in the first 10 days of September surged…...
Bundang Remodeling Boom Turns Cramped 1990s Flats Into Larger Homes
2+ day, 7+ hour ago (304+ words) Inside the remodeling site at Neutimaeul Complex 4 in Bundang Aging estate to become 1,149 units, with sales starting on the 11th POSCO E&C leads the market with 46 remodeling projects Neutimaeul Complex 4, visited that day, was completed in 1994. POSCO E&C is…...
Korean Banks Lift Deposit Rates, Pulling Money Back From Markets
2+ day, 8+ hour ago (428+ words) One-Year Time Deposit Rates at Five Major Banks Now Range From 3.2% to 3.45% One-year time deposit rates at South Korea's major commercial banks have climbed to the mid-3% range, setting the stage for a renewed shift of funds back into bank savings…...
Korean Banks Raise Deposit Rates as Cash Flows Back From Stocks
2+ day, 8+ hour ago (236+ words) Deposit rates at South Korean commercial banks are rising across the board, drawing large sums of money back to bank branches from the stock market. Hana Bank raised the rate on its Hana One-Time Deposit product with a one-year maturity…...
Turning Empty Industrial Complexes Into Homes Is No Housing Fix
2+ day, 13+ hour ago (261+ words) Seoul Economic Daily The government plans to convert vacant space in knowledge industry centers into public rental housing for young adults and newlyweds The Ministry of Trade, Industry and Energy said at a structural innovation ministerial meeting on the 10th that…...
Korea Pushes BDCs, Secondary Funds to Widen Exit Routes
3+ day, 1+ hour ago (194+ words) [Manufacturing G3: Now Is the Opportunity] Tax Bill Includes Special Treatment for BDCs BDC Lineup, Now Just One Product, Set to Grow Financial Investment Association to Raise 1 Trillion Won for Secondary Deals The South Korean government and the financial investment industry…...
Seoul Economic Daily to Host Future Conference 2026 on U.S. Expansion
2+ day, 20+ hour ago (196+ words) Seoul Economic Daily will hold its Future Conference 2026 on the 17th under the theme "Strategies for Korean Manufacturing's Expansion Into the U.S." At the same time, close attention is needed on how companies will manage high U.S. production costs and risks from shifting…...
Gabia Special Committee Urges Board to Stay Neutral on Tender Offer
3+ day, 4+ hour ago (285+ words) No Impropriety Found in Tender Offer's Purpose Conflict of Interest Cited Between Largest Shareholder and Minority Holders Attention Turns to Outcome as Offer Closes on the 17th Gabia's (079940.KQ) special committee has recommended that the company's board take a neutral position…...
Financial Rights Law Could Add 223 Trillion Won to Economy, Forum Told
2+ day, 21+ hour ago (120+ words) Microfinance Agency, Ruling Party Push to Codify Financial Basic Rights Guaranteed Loans, Insurance Seen Lifting Consumption and Jobs Guaranteeing basic loans and insurance under a legally defined right to financial services could generate economic ripple effects worth as much as…...