2+ hour, 11+ 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…...

29+ min ago   (234+ words) South Korea's government is raising the standard construction cost used to determine price ceilings for apartments subject to the price cap on new homes by 4.07%. The increase is expected to further drive up sale prices for newly supplied apartments in…...

42+ min ago   (395+ words) The EHS All-in-One is an integrated product that provides cooling, underfloor heating, and hot water supply with a single outdoor unit. It features a heat recovery function that recycles waste heat generated during the cooling process for hot water production,…...

42+ min ago   (559+ words) A governance reform package aimed at limiting financial holding company chairmen to three consecutive terms has been stalled in South Korea's National Assembly for months. The proposal was referred to a bill review subcommittee last month but failed to make…...

45+ min ago   (283+ words) Semiconductor and power plant environmental equipment led the order intake. In March, the company signed a contract to supply eco-friendly equipment to the Tunghsiao liquefied natural gas (LNG) power plant in Taiwan. In its core semiconductor greenhouse gas reduction equipment…...

1+ hour, 1+ min ago   (427+ words) South Korean restaurant operators are facing structural pressure in which they take home less and less money even as sales climb. The share of revenue consumed by the so-called "prime cost" — food ingredients plus labor — surpassed 70% for the first time…...

1+ hour, 42+ 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…...

2+ hour, 3+ 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…...

2+ hour, 44+ 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…...

3+ hour, 34+ 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…...