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February 7 (Friday), News Headlines

  • seoultribune
  • 2월 8일
  • 5분 분량

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《Economy》

Last Year’s Current Account Surplus Ranks Second Highest Ever… This Year Hinges on U.S. Policies & Semiconductor Market

Bank of Korea Releases Preliminary Balance of Payments for December 2024

  • December Current Account Surplus Hits $12.37 Billion, Highest for the Month

  • Annual Surplus Reaches $99.04 Billion, Driven by Semiconductor Exports

  • Uncertainty Looms Over U.S. Trade Policies and Semiconductor Market in 2025

Despite Economic Downturn Predictions… 70% of Employees Plan to Change Jobs This Year

Saramin Survey Reveals Job-Hopping Trends

  • Top Reason for Changing Jobs: “Higher Salary”

  • 35% of Respondents Unsure About Their Job Change Plans

Government Extends Fuel Tax Cut for 2–4 More Months

14th Measure Since November 2021 Amid Concerns Over Soaring Consumer Prices Due to High Exchange Rates

Global Oil Prices Drop, But Saudi Arabia Raises Prices to 2-Year High—Why?

  • Aramco Increases Asian Prices by $2.4

  • U.S. Sanctions on Russia Force China & India to Seek Alternatives

  • Surge in Demand Spurs Middle Eastern Oil Premiums

  • International Oil Prices Drop by 2% Due to Rising U.S. Oil Inventories

Gimhae Airport Faces Bird Strike Risk Due to Staff Shortage… Nationwide Radar Installation Planned

  • Ministry of Land Announces Bird Strike Prevention Measures

  • Gimhae Airport Operating with 18 Staff, Short of the Required 24

  • Priority Airports for Bird Detection Radar Installation to Be Confirmed by April

《Finance》

“Safe Assets Are King”… Over 53 Billion KRW Poured into Gold at the Start of the Year

  • Gold Banking Balances Soar in One Month

  • From 782.2 Billion KRW in December to 835.3 Billion KRW in January

  • Gold Prices Hit All-Time High, Sparking Investment Interest

U.S. 10-Year Treasury Yield Falls to 4.4%… “Increase Holdings Above 4.5%”

  • Yield Returns to 4.4% Range After Two Months of 5% Volatility

  • U.S. Treasury Department Efforts to Stabilize Rates Amid Trump Era Policies

Double Taxation Controversy Over Foreign Fund Dividends in Pension Accounts… Industry Calls for Tax Benefits Preservation

  • Changes to Foreign Tax Credits Eliminate Deferred Tax Benefits

  • Concerns Over Investor Sentiment Deterioration Prompt Calls for Quick Action

Retail Investors Turn to U.S. Stocks and Crypto… “Capital Market Crisis, But Last Chance for Modernization”

  • Lee Bok-hyun Proposes Long-Term Investment Strategies for Capital Market Advancement

  • Experts Voice Unified Concerns, Forecasting KOSPI to Hover Between 2350–2850 This Year

Dip in Tariff Policy Boosts Nvidia 5.2% Amid AI Boom

  • Nvidia Market Cap Rebounds to $3 Trillion

  • Blackwell Data Center Production Commences

  • Google, Microsoft, and Meta Expand AI Investments

  • Bank of America Maintains ‘Buy’ Target Price at $190

《Business》

Hyundai Rotem Achieves Record Operating Profit Last Year

  • 117% Increase Compared to Previous Year

  • Poised to Hit 52-Week High Despite Early Declines in Trading

  • KB Securities: “Momentum from Poland, Romania, India, and Middle East Orders to Continue”

HD Hyundai Approaches 3 Trillion KRW in Operating Profit Last Year Thanks to Shipbuilding & Power Equipment Boom

  • Annual Revenue of 67.8 Trillion KRW, Operating Profit of 2.9 Trillion KRW

  • HD Korea Shipbuilding & Offshore Engineering Sees 408% YoY Increase in Operating Profit

  • Focus on Profitability Across All Business Segments

“AI-Bio Fusion to Conquer Incurable Diseases”… Koo Kwang-mo’s New Challenge

  • Joint Research Contract with Prof. Baek Min-kyung, Global Authority in Protein Structure Prediction

  • Development of Multi-State Structure Prediction AI Set for This Year

  • Accelerating New Drug Research with U.S. Jackson Lab

More Quitting Than Hiring… Startups Face Mid-Level Talent Crunch

  • Layoffs Increase While New Hires Decline

  • Frequent Job Hopping for Higher Salaries

  • ‘Dead Cross’ Point Reached in First Half of Last Year

Upbit & Bithumb Face System Failures… “Server Capacity Issues, Need for Consistent Compensation”

  • Financial Supervisory Service Releases On-Site Inspection Results

  • Calls for Server Expansion and Fair Compensation Mechanisms

《Real Estate》

“No Need to Worry About Housing, Just Focus on Having Kids”… Long-Term Rental Housing for Newlyweds

  • Seoul’s Long-Term Lease Program to Begin 20-Year Contracts from 2027

  • No Option for Conversion to Ownership After Contract Expiry

  • Newlyweds to Receive Incentives for Having Children During Lease

Polarized Housing Market… Regional Unsold Properties Expected to Rise

  • Seoul’s Raemian One Perla Records 151:1 Competition Ratio

  • Less Than 10% of Units Applied for in Ulsan and Gwangju on the Same Day

  • Calls for Differentiated Loan Regulations Based on Region

“5 Billion KRW Price Surge Overnight, It’s Crazy”… Homeowners Thrilled in Select Neighborhoods

  • Seoul Housing Prices Polarize: Yongsan & Songpa Up, Nowon & Geumcheon Down

  • Korea Real Estate Board Weekly Apartment Price Trends

  • Rising Core Area Prices, Sluggish Outskirts

  • Rent Prices Rebound in School Districts & New Developments

Daegu Real Estate Slump Prolongs for Over a Year

  • 80,000 Housing Units Supplied in 3 Years, Double the Demand

  • Hope for Recovery Post-2025 as Government Tackles Unsold Properties and Reduces New Supply

First Month of the Lunar Year Sees Frozen Subscription Market… Supply and Prices Both Decline

  • January Supply Down 60.6% YoY

  • Average Pre-Sale Prices for 59㎡ and 84㎡ Units Drop

《Society》

Fake “Insect in Food” Photos Lead to Student’s Arrest for Extorting 305 Business Owners

  • 20-Year-Old University Student Indicted for Fraud, Blackmail, and Business Disruption

  • Extorted 8 Million KRW Over 300 Fake Claims in Two Years

  • Threatened Businesses That Questioned Authenticity with False Online Reviews

  • Victims Suffered Financial and Emotional Distress from Malicious Acts

Government Expands Restrictions on Deepfake Apps… Environment, Leisure, and Welfare Ministries Join In

  • Following Industry, Foreign Affairs, and Defense Ministries’ Restrictions

  • No Specific Measures from Interior, Education, Employment Ministries Yet

  • Education Ministry Issues Caution Notice to Universities and Public Schools

Wage Arrears Exceed 2 Trillion KRW Last Year… Construction Industry Decline Blamed

  • 14.6% Increase from Record-High 2023

  • 283,212 Workers Affected, Highest Ever Settlement Amount of 1.6697 Trillion KRW

  • Stronger Enforcement of Mandatory Investigations, Chronic Wage Arrears Law Effective from October

Regular Holiday Bonuses Now Count as Ordinary Wages… New Standards Introduced

  • Fixed Nature Criteria Abolished for Employment-Based Bonuses

  • Overtime Pay Expected to Increase as Regular Work Compensation Becomes Standard

  • Performance-Based Bonuses Still Exempt

  • Simplification of Wage System Recommended to Reduce Confusion

Triple Threat of Cold Snap, Heavy Snow, and Strong Winds Until Weekend… Hard to See the First Full Moon

  • Arctic Air Masses Stuck Between Pressure Ridges Head for Korea

  • Heavy Snow on the West, Fire Hazards on the Dry East Coast

《International》

Japan’s Ishiba Prepares Intensely for Trump Summit… Memorizing “Model Answers”

  • Aiming to Ease Trump’s Threats by Following Abe’s Playbook

  • Preparing U.S. Investment Charts, Abe-Era Interpreter to Accompany

  • Skepticism Over Different Circumstances Compared to Previous Administration

Trump’s “Occupy Gaza” Statement Holds Multi-Purpose Agenda

  • Even If Unrealized, Shocks Middle East Enough as “Shock Therapy”

  • Foreign Media: “Strategy to Scare Snakes by Hitting Grass”

  • Redirecting Attention from Internal Radical Policy Backlash

  • Experts: “Violates International Law, Constitutes War Crimes”

Musk’s “Unlikable” Persona Hurts Tesla Sales in France & Germany

  • Tesla Market Share Plummets in Germany & France Last Month

  • Declining Popularity Even in Progressive California

  • Critics Say Musk’s Political Involvement Alienates Consumers

Chinese Government’s Support Behind Deepfake Craze… Aims to Lead Globally by 2030

  • Cultivated as a National Strategy Since 2015

  • Comprehensive Support Plan “AI+” Announced Last Year

Silicon Valley’s ‘DEI’ Programs Disappear, Google Also Scraps Initiatives

  • Google Notifies Staff of Minority Hiring Quota Removal on Feb 5

  • Considering Implementation of Executive Orders to Suppress DEI Programs

Seoul Tribune (c)

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