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News
Bundang Remodeling Boom Turns Cramped 1990s Flats Into Larger Homes
2+ day, 2+ 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, 2+ 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, 3+ 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, 8+ 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
2+ day, 20+ 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, 15+ 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…...
Financial Rights Law Could Add 223 Trillion Won to Economy, Forum Told
2+ day, 15+ 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…...
Sh Suhyup Bank's Real Estate Loan Delinquency Tops 1%
2+ day, 17+ hour ago (147+ words) Overdue Balance Doubles While Lending Grows 6% Sh Suhyup Bank's delinquency rate on loans to the real estate sector has climbed above 1%, in a sign of mounting strain on the quality of its property-related credit. The bank's outstanding loans to the…...
BOK: Half-Point Rate Rise Adds 6.5 Trillion Won to Household Interest
2+ day, 21+ hour ago (155+ words) ■AI PRISM [Real Estate News] Second Straight Rate Hike Lifts Mortgage Balance-Payment Loans Bundang's Redevelopment Quota Shrinks Next Year Unsold Homes in Provinces Reach 48,758 Units, Prompting Tax and Financing Calls [News of Interest to Real Estate Investors] 1. A Half-Point Rate…...
Experts Pick Korean Stocks, Luxury and Water for $10,000
2+ day, 22+ hour ago (455+ words) Where to Put $10,000? Experts Name Their Picks Korean Market Seen as Undervalued With AI Chip Upside Luxury and Water Companies Also Flagged for the Long Term Korean stocks, luxury goods companies and water-related businesses emerged as the top picks in…...