COGNICURRENT

Financial authorities in South Korea have uncovered significant illegal use of business loans for purchasing residential properties, prompting focused inspections in the Gangnam area.

South Korean Prime Minister Kim Min-seok publicly apologized to author Yoo Si-min for comments made during a private conversation that were captured on camera, which sparked controversy.

Apartment prices in the Seongdong and Dongjak districts of Seoul's Han River Belt have begun to decline, following a trend that started in the affluent Gangnam area.

Apartment transaction permit application prices in the Gangnam 3 districts and Yongsan have turned to a downward trend, contrasting with continued price increases in other areas of Seoul.

Actor Lee Jae-ryong has been handed over to prosecutors for charges related to a drunk hit-and-run accident.

The property tax for high-value apartments in Seoul's affluent districts is expected to rise significantly due to increasing official property prices, but the overall tax burden remains comparatively low.

The housing market in Southeast Seoul, particularly in the Gangnam area, has shifted to a 'buyer advantage' for two consecutive weeks as asking prices decrease while inventory increases.

Starting in April, late-night autonomous taxis operating in the Gangnam area will transition to a paid service, charging a base fee depending on the time of use.

A recent survey shows that 30% of students in Seoul have attended English kindergartens, with less than 15% participation in northern districts, highlighting educational inequality based on location.

As the end of the tax exemption for multiple homeowners approaches, apartment prices in Seoul's Gangnam area have fallen for three consecutive weeks.

Following a decrease in high-priced real estate transactions in Seoul's Gangnam area ahead of the end of the speculation tax grace period, significant price drops are observed in various luxury apartment sales.

Two men have been arrested in Seoul for stealing cash and valuables totaling over 120 million won from residential properties in the Gangnam district.

Actor Lee Jae-ryong has admitted to drinking four glasses of soju before a traffic accident, which he initially denied.

Actor Lee Jae-ryong has been arrested after fleeing the scene of an accident while driving under the influence.

Apartment prices in Gangnam Districts and Yongsan in Seoul have dropped for the second consecutive week due to an influx of urgent sales from multi-homeowners ahead of the termination of capital gains tax exemptions.

The announcement of the end of the capital gains tax relief for multiple home owners in South Korea is expected to lead to a significant increase in real estate transactions and reveal actual housing prices in the upscale areas of Seoul.

The Citizens' Coalition for Economic Justice (Kyungsilnyeon) analyzed how the long-term holding deduction policy in South Korea encourages real estate speculation in Gangnam.

The apartment market in Seoul's Gangnam area has shifted to favor buyers as housing prices start to decline, due to increasing supply and buyer hesitance amid upcoming tax changes.

Apartment prices in Seoul's Gangnam area have reversed their upward trend to a decline after two years due to increased supply from sellers responding to the expiration of heavy taxation on multiple home sales.

The Tex+Fa Club, a distinguished venue aimed at fostering communication and collaboration within the textile fashion industry, was inaugurated on February 24th in Gangnam, Seoul.

Residents near the Eunma Apartment in Gangnam, where a recent fire resulted in four casualties including a 17-year-old, are expressing heightened concerns about the fire risks associated with aging infrastructure.

A former Samsung Electronics employee has been charged for leaking confidential patent-related materials for $1 million, revealing that he passed documents directly to a client in a bar.

In response to the impending expiration of the capital gains tax exemption for multiple homeowners in South Korea, single-house owners are increasingly listing their properties for sale to avoid the anticipated rise in property tax burdens.

The Gangnam Police in Seoul has reported the loss of 22 Bitcoin that were seized during an investigation, revealing lapses in custody similar to a previous case in Gwangju.

The article discusses the pressure from President Lee Jae-myung's administration on multiple-homeowners in Seoul's Gangnam area amidst rising apartment prices, highlighting both successes and ongoing challenges in the real estate market.

Yogiyo, a leading Korean food delivery app, is integrating with ChatGPT, enabling users to order food through AI interaction.

Choi Tae-won, chairman of SK Group, met with Jensen Huang, CEO of Nvidia, to discuss AI memory collaboration at a local chicken restaurant in Santa Clara during his business trip in the USA.

A prominent dental hospital director in Gangnam has been criminally charged for misconduct including verbal abuse and forcing employees to repay wages improperly.

Rare photos of 'Mudo', a historical island in the Han River that was destroyed and buried during the Gangnam and Jamsil developments in the 1970s, have been discovered for the first time.