[NewsSpace=Jack Moon] Commercial real estate industry is concerned as the aftermath of the TMON-WeMakePrice crisis continues with partner companies filing for bankruptcy protection one after another. As sales plummet due to delayed settlements, an increasing number of small and medium-sized partners and suppliers are unable to withstand the pressure and are filing for bankruptcy protection. This led to a sharp rise in companies downsizing their offices or closing them altogether to cut costs. Vacancies near Nonhyeon and Yeoksam stations are rapidly increasing as most e-commerce-related partner
[NewsSpace=Jack Moon] "Never seen anything like it." Last weekend, I roamed the streets of Seongsu-dong in Seoul, camouflaged as Gen MZ. After visiting the newly opened Musinsa offline store, I noticed the new Olive Young store opened right across the street. The online fashion powerhouse facing off the No.1 offline health & beauty store on the same street offered a striking view. Seongsu-dong has evolved far beyond being just a hipster sanctuary; it has become the new battleground for retail giants. What caught their attention? Which side is Gen MZ on? Seongsu-dong is emerging as a new ba
[News Space=Reporter seungwon lee] The first trial of a lawsuit filed by a former KT&G researcher claiming that he did not receive fair compensation for developing the world's first internally heated electronic cigarette but was sued by the company for trillions of won in damages was held on the 17th. In response, KT&G claimed that the employee's claim that he "did not receive compensation" is against the agreement, so a legal battle is expected. The employee claimed that he had invented the world's first electronic cigarette technology but had not received compensation from the compan
[NewsSpace=Jack Moon] The small office building market in Seoul's Gangnam district is showing a unique phenomenon that defies common investment sense. RSQUARE's latest data analysis provides a breakdown of the paradox alluding to its historical background and its distinct urban landscape. According to RSQUARE's R.A (Real Estate Analytics) system, the ‘24.Q2 average cap rate of small office buildings in Seoul stood at 3.2%, significantly lower than that of medium and large buildings at 4.5%. Average sale price, however, was 35 million won per py (pyeong) for small that exceeded the 32 million w
[NewsSpace=JeongYoung Kim] Samsung today announced that the company hosted its flagship career fair and networking event Tech & Career (T&C) Forum in London, United Kingdom, as part of continuous efforts to secure global talent and further strengthen the firm’s technological competitiveness on a global level. The Tech & Career Forum is a career fair where Samsung SDI’s top executives meet with students from top-rated schools across the globe to share the company’s vision and recruit global top talent. The event was held for the third time this year, following previous ones in Bosto
[News Space=Reporter seungwon lee] September 19th is the 56th birthday of Shinsegae Group Chairman Chung Yong-jin. It is his first birthday since taking office as chairman. It is his first promotion in 18 years since 2006. To celebrate his birthday, let’s share meaningful, fun, and interesting stories related to Chairman Chung Yong-jin. On September 19, 1968, the day he was born, Seoul experienced an unusually high temperature, and the entire country soared to a high of 31.4 degrees, 6 degrees higher than the average. Even after 50 years, the weather conditions are similar. The major articles
[NewsSpace=JeongYoung Kim] Samsung SDI announced today that the company has completed and signed an agreement with General Motors to establish a joint venture to supply electric vehicle(EV) batteries in the United States. The ceremony was held at Samsung SDI's office in Seoul, and was attended by key executives from both companies, including Samsung SDI CEO Yoon-ho Choi. Samsung SDI reached an agreement with GM in April of last year to form an EV battery joint venture and has since been working on finalizing key details. The joint venture will be located in New Carlisle, Indiana, on a 680-acre
[News Space=Reporter seungwon lee] It was revealed that ABC Mart (ABC Mart Korea), the number one shoe retailer in Korea, paid 43.8 billion won to its Japanese headquarters over the past six years in the name of royalties. The largest shareholder of ABC Mart Korea is Japan-based ABC Mart.INC, which owns 99.96% of the shares. The remaining 0.04% is owned by Lee Ki-ho, CEO of ABC Mart Korea. According to the six-year audit report of the Financial Supervisory Service's electronic disclosure system on the 20th, out of the profits earned from Korean consumers in Korea, 6.4 billion won to 8.2 billio
[News Space=Reporter seungwon lee] Even in the global world, the brilliant performance of founders and CEOs born in the 60s to 80s is notable, as is the case in Korea. The same goes for the United States, which leads the world's big tech. Looking at the ages of representative Big Tech CEOs or founders in the US, Elon Musk, the world's richest businessman and a global corporate president pursuing business in all areas of space (heaven), earth, and underground, was born in 1971; Mark Zuckerberg, CEO of Meta Group who created a social media sensation with Facebook and Instagram, was born in 1984;
[News Space=Reporter seungwon lee] It has been reported that SG Dinehill (CEO Park Young-sik) is in a state of capital erosion, having recorded operating losses and net losses for two consecutive years. According to the audit report of the Financial Supervisory Service's electronic disclosure system on the 16th, as of the financial statement date (March 25, 2024), the company's current liabilities are 4.6 billion won more than its current assets, indicating capital impairment. The traditional Korean restaurant Samwon Garden was founded in 1976 by Park Soo-nam, the father of LPGA professional g
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UPDATE: 2025년 09월 04일 16시 58분
