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News
Land Minister Nominee Open to Housing on Yongsan Park Fringes
3+ hour, 45+ min ago (221+ words) Written Answers Submitted to Assembly Ahead of Confirmation Hearing On Greenbelt, Says Supply Should Focus on Already Damaged Areas Hong Ji-sun, the nominee for minister of land, infrastructure and transport, said the government will examine whether homes can be built…...
Coupang Brings Private-Label Brands Together at Seongsu Festival
4+ hour, 39+ min ago (237+ words) CPLB's First Offline Festival Since Its Founding Hands-On Programs Expanded, 120 Small Manufacturers Join CPLB, Coupang's private-label subsidiary, said on the 14th that it will hold the Coupang Only Festa from Sept. 17 to 20 at Anderson C in Seongsu-dong, Seongdong-gu, Seoul. It is…...
Food and Labor Costs Eat Up 71.6% of Korean Restaurant Sales
29+ min ago (248+ words) Restaurants in South Korea are keeping less of what they earn, with food and labor costs exceeding 70% of sales for the first time last year. Costs are climbing faster than revenue, squeezing already thin margins across the industry. Food Costs…...
Jeonnam-Gwangju to Spend 274.8 Billion Won Fixing Disaster-Prone Sites
1+ hour ago (360+ words) 156 Districts Covered, With 33 Newly Selected Flood and Landslide Risks Targeted in Residential Areas JEONNAM-GWANGJU — Jeonnam-Gwangju Integrated Special City is speeding up repairs at sites prone to natural disasters to better protect residents. The city said on the 14th that it will…...
Busan to Cover 80% of Delivery Riders' Injury Insurance Premiums
6+ hour, 54+ min ago (341+ words) Up to 200,000 Won for About 4,000 Workers City Aims to Ease Burden Amid High Fuel and Living Costs BUSAN — The Busan city government will cover 80% of the industrial accident insurance premiums that platform workers such as delivery riders and substitute drivers…...
Seoul Housing Plans Stall as Yeomchang Park Joins Yongsan Standoff
5+ hour, 2+ min ago (310+ words) Briefing Session Scrapped as Residents Demand Withdrawal District Chief Says He Will Drop Plan if City Pledges Park Restoration Supply of 1,000 Public Homes at Risk of Delay Gangseo District had planned to use the session to explain to residents why…...
Seongsu Rivals Myeongdong as Airbnb Listings Triple in Two Years
3+ hour, 22+ min ago (447+ words) Seoul Economic Daily...
Builders Snap Up Yeouido, Mokdong Rebuilding Projects Without Rivals
4+ hour, 19+ min ago (299+ words) ■ Yeouido, Mokdong Complexes Pick Contractors One After Another Samsung C&T Wins Daegyo and Mokhwa, Eyes Sibeom Next Hyundai E&C and GS E&C Each Secure a Major Site Mokdong Complexes 7 and 14 Loom as Biggest Variable in Second-Half Contests…...
Wrong Tax Choice Can Cost Couples 5.28 Million Won, Korea Tax Agency Says
4+ hour, 37+ min ago (239+ words) Commissioner Lim Kwang-hyun Vows Refunds for Overpaid Property Holding Tax Agency to Compare Benefits of Applying for or Canceling the Exemption Applications and Cancellations Open Sept. 16-30, With Bills Issued in November The National Tax Service said it will seek out…...
Samsung Securities Signs Partnership With BNY on AI, Digital Assets
21+ hour, 12+ min ago (316+ words) Deal Builds on Custody and Securities Financing Expertise Cooperation Extends to AI and Digital Asset Businesses "Innovative and Differentiated Solutions" for Clients Samsung Securities (016360.KS) is expanding into new businesses including artificial intelligence and digital assets through a partnership with…...