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News
Seoul Apartment Land Transaction Permit Applications Fall for Fourth Straight Month to Lowest Since October Designation — BigGo Finance
2+ hour, 2+ 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…...
South Korea Raises Standard Construction Cost for Price-Capped Apartments 4.07% to ₩2.328 Million per Square Meter — BigGo Finance
19+ 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…...
Samsung, LG Target Middle East and South Korean Markets with Electric HVAC and AI Homes — BigGo Finance
32+ 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,…...
South Korea's Financial Holding Company Chairman Three-Term Limit Bill Stalls Ahead of Parliamentary Audit — BigGo Finance
32+ 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…...
EcoPro HN's 2026 Orders Reach ₩191.4 Billion; Overseas Share Surges 19 Percentage Points in Three Years — BigGo Finance
35+ 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…...
South Korea Finds No Data Leak Risk in 5 Robot Vacuum Brands, but Flags Inadequate User Disclosures — BigGo Finance
46+ min ago (572+ words) South Korea's Personal Information Protection Commission inspected the latest models from five robot vacuum brands—Roborock, Samsung Electronics, LG Electronics, Ecovacs, and Xiaomi—and found that video, voice, and map data were being managed securely through encrypted transmission and on-device…...
South Korean Restaurant Prime Costs Top 70% for First Time — "Nothing Left Even as Sales Rise" — BigGo Finance
52+ 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…...
LG Unveils AI for Quality Inspection and Autonomous Experimentation Without Retraining, Targeting Industry with 'Expert AI' — BigGo Finance
57+ min ago (467+ words) LG AI Research has unveiled its full lineup of "Expert AI" designed to solve difficult problems in manufacturing, science, and finance. The strategy is to move beyond general-purpose AI and boost business competitiveness with agentic AI that can independently predict,…...
South Korea's Gaon Cable Wins 17 Billion Won (approximately $12.6 Million) Order for Floating Solar Cables in First ACF Expansion — BigGo Finance
1+ hour, 32+ 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…...
Gwangmyeong, Dongdaemun Per-Pyeong Prices Surpass Seoul Average — 'Leveling-Up' Spreads Across South Korea's Capital Region Apartments — BigGo Finance
1+ hour, 53+ 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…...