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- Economy, Business & Finance 118
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News
Seoul first-time home buying hits six-year high as 30-somethings rush in
2+ day, 10+ hour ago (519+ words) A total of 9,343 purchases by new buyers of residential properties, including apartments, multifamily homes and officetels, were registered. Seoul’s 30-somethings are stretching their finances to the limit to get a foot on the property ladder, as soaring rents and fears…...
Nvidia and Samsung look cheaper, but is that good news?
2+ day, 17+ hour ago (599+ words) Fast-rising earnings are pushing valuation multiples lower, but investors must judge whether those profits can endure. The author is a professor of Economics, Finance and Asset Management at Hanyang Cyber University. This is not happening because their share prices are…...
The beauty inside Musinsa
3+ day, 9+ min ago (116+ words) Staff from the cosmetic brands featured at Musinsa Beauty store near Hongik University in Mapo District browse their products during a media event on Sept. 10. Barn swallows line power cables in Gangneung, Gangwon, as they prepare to migrate south for…...
SK hynix raises cash performance bonus share in revised wage deal
3+ day, 3+ hour ago (374+ words) SK hynix and its union reached a revised wage agreement that raises the cash portion of performance bonuses to 50 percent after workers rejected the initial proposal. SK hynix's labor and management are taking a second shot at this year's wage…...
Are stocks really fairer than real estate?
3+ day, 17+ hour ago (539+ words) A columnist argues that treating real estate as harmful and capital markets as productive overlooks how both can deepen inequality. The author is a professor of sociology at Seoul National University. But while the administration blames real estate for worsening…...
Korea’s 100 trillion won debt bet raises alarms
3+ day, 17+ hour ago (491+ words) A record budget and new "Future Response Fund" will push national debt past 1.5 quadrillion won ($1.12 trillion), leaving taxpayers to bear the eventual cost. The author is the economy news editor at the JoongAng Ilbo. But one entity says that it…...
FTC slaps 3 billion won in fines on six papermakers for rigging bids for agricultural newspaper
3+ day, 23+ hour ago (308+ words) Korea's Fair Trade Commission docked a group of paper suppliers for colluding on prices from 2021 to 2025, and referred two companies to prosecutors. Korea's Fair Trade Commission (FTC) on Wednesday imposed a combined fine of 3 billion won ($2.23 million) on six paper…...
Korea Zinc chairman's grip tightens in MBK battle as ally elected to audit committee
3+ day, 23+ hour ago (339+ words) Shareholders elected Choi Yun-birm-backed Baek In-kyoo to the audit committee, expanding the chairman’s allies amid the MBK-Young Poong battle. Korea Zinc elected accounting and audit veteran Baek In-kyoo as a new member of its audit committee at its shareholder meeting…...
Korea nears $40,000, but young people are left behind
4+ day, 18+ hour ago (314+ words) The semiconductor-led boom could lift Korea into the $40,000 per capita GNI club, but youth unemployment threatens to widen the prosperity gap. Korea’s per capita gross national income (GNI) is poised to exceed $40,000 this year. Corporate earnings have risen sharply on…...
Is OpenAI’s Astra the new catalyst for Samsung and SK hynix shares?
4+ day, 17+ hour ago (650+ words) Samsung Electronics and SK hynix gained as investors bet the new model will intensify demand for high-bandwidth memory chips. The launch of OpenAI’s newest AI model, GPT-6 Astra, has revived the bull case for memory demand, pushing shares of Samsung…...