The Korean economy, which has just emerged from the impact of the COVID-19 pandemic, is facing another rough patch. Faltering key economic indices and lackluster corporate earnings, as well as unfavorable external conditions suggest that the Korean economy could deteriorate further, requiring a considerable amount of time to regain momentum.
Apple Pay is finally set to land in Korea on Tuesday. Despite the intense anticipation surrounding its launch, the service is expected to face challenges for some time due to a lack of necessary infrastructure and service providers.
In one episode of the popular reality TV show “I Live Alone,” actor Kim Kwang-kyu sighs in front of an apartment building in southern Seoul s affluent Gangnam District. He just searched for the market price of his old apartment, where he had lived for six years before moving out. “I was asked to buy this home for 1 billion won ($750,000).”