57+ min ago   (616+ words) New land transaction permit applications for Seoul apartments totaled 3,012 in August, the lowest level since the entire city was designated a permit zone last October. Applications have now declined for four consecutive months after peaking at 8,896 in April. The Seoul…...

27+ min ago   (444+ words) South Korea's Gaon Cable will supply approximately 17 billion won (approximately $12.6 million) worth of ACF cables to floating solar projects including Seokmun Lake and Saemangeum Sunshine Sharing. This marks the first time ACF—which replaces conduit with aluminum cladding—has been…...

49+ min ago   (186+ words) Conversely, high-priced areas continued their runaway trajectory, widening the gap with the Seoul average even further. Gangnam-gu's ratio to the Seoul average soared from 2.41x in January to 2.69x in August, while Seocho-gu jumped from 1.68x to 1.95x and Songpa-gu from 1.74x to 1.99x. Seongdong-gu also…...

54+ min ago   (371+ words) Hana Securities raised its target price for GS Engineering & Construction from ₩36,000 to ₩40,000 (approximately $30) while maintaining a buy rating, citing expectations for a fourth-quarter order on the Donghae AI data center project. GS E&C plans to build a total 2.4GW data…...

1+ hour, 30+ min ago   (411+ words) Meritz Securities maintained its Buy rating and 40,000 won (approximately $30) target price on LS Marine Solution, projecting annual operating profit to exceed 140 billion won (approximately $104.2 million) by 2030. The brokerage's analysis indicates submarine cable demand will roughly triple by 2030, while European interconnector…...

2+ hour, 20+ min ago   (326+ words) Hana Securities projected that South Korea's KB Financial Group will post third-quarter net profit of ₩2.06 trillion (approximately $1.5 billion), far exceeding market expectations and setting a new quarterly record. The brokerage raised its target price from ₩220,000 to ₩235,000 (approximately $170). Group net interest…...

8+ hour, 25+ min ago   (291+ words) Lee Hyung-il, nominee for South Korea's deputy prime minister and minister of economy and finance, has stated that proactive fiscal management is necessary to break through domestic and external economic uncertainties and structural crises. His vision: while fiscal soundness matters,…...

8+ hour, 17+ min ago   (565+ words) South Korean Minister of Trade, Industry and Energy Kim Jung-kwan returned to South Korea on the 13th after visiting the United States for final coordination on U.S. investment negotiations, without reaching a final agreement. Kim said the two sides came close to…...

3+ hour, 59+ min ago   (632+ words) As allegations mount that Kim Seung-won, nominee for South Korea's Justice Minister, lobbied for Genencell's COVID-19 treatment clinical trial, evidence has emerged that capital market players who profited handsomely from Genencell-related stock investments in 2020 repeated the same pattern in 2021. Yoo…...

15+ hour, 35+ min ago   (955+ words) KB Financial Group's Chairman Candidate Recommendation Committee has rejected a second term for incumbent Chairman Yang Jong-hee—despite record-breaking performance—and recommended Lee Jae-keun, head of the holding company's business divisions, as the final candidate for next chairman. This marks…...