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Kim Young Won

The sculptor and painter Kim Young Won is considered by many residents of Seoul to be one of their major living artists. His art is the kind of work that needs to be seen—not on the screen, but directly according to its physical presence. ....

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Portugal loses but progresses through to the knockouts

Portugal has won Group H of the 2022 World Cup today, despite losing 2-1 to South Korea.  ....

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[Market Close-up] Housing price rally likely to continue next year over supply shortage

[Market Close-up] Housing price rally likely to continue next year over supply shortage
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The photo shows apartment complexes in Seoul on July 28. (Yonhap)
South Korea’s housing price rally, sparked by a supply shortage and tightened regulations throughout the year, is likely to continue next year, stoking concerns about housing market instability.
According to KB Financial Group in a report, housing prices across the country will see an upward march overall next year while two-year rentals requiring a refundable lump-sum deposit in lieu of monthly rent, called “jeonse,” will also be more expensive.
The report, based on a survey of 161 local property experts from Dec. 10 to 15, showed that 39 percent of the respondents predicted that home prices in Seoul and nearby cities will grow at a rate of 5 percent or higher next year while 39 percent said other cities across the nation will likely see a 1 percent to 3 percent increase on average. ....

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'Changes in spending trend to affect commercial property market next year' report

Changes in spending trend to affect commercial property market next year report
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Skyscrappers in Yeouido, a financial district in Seoul. (Yonhap)
The growing number of small businesses, including restaurants and mom-and-pop stores closing down their operations amid the lingering coronavirus crisis, has seriously affected commercial real estate markets as well, a report said Wednesday.
The report published by KB Financial Group suggested that commercial property markets will continue to suffer next year, along with hotel, commercial space rental, and retail businesses, among others, facing serious challenges.
The number of vacant commercial property units has risen significantly this year due to the pandemic, it said, citing a survey of 206 CEOs of commercial property brokerage firms. ....

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FSS orders Kakao Bank to improve contingency plan

FSS orders Kakao Bank to improve contingency plan
koreaherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreaherald.com Daily Mail and Mail on Sunday newspapers.

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