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February 13 (Thursday) News Headline

  • seoultribune
  • 2월 16일
  • 4분 분량

《Economy》

Rising Concerns Over ‘Trump Tariffs’ Among SMEs…$1.2 Billion Decline in U.S. Exports Expected

  • Meeting on Response Strategies for Trump’s Second Term and SME Support

  • SMEs Lack Resources to Respond…Request for Expansion of Vouchers and Subsidies

  • Oh Young-joo: “Support Measures to Enhance Export Competitiveness to Be Prepared This Month”

Overcoming the U.S. ‘Tariff War’…Top 10 Manufacturers to Invest 119 Trillion Won This Year

  • Minister Ahn Deok-geun Hosts Investment Strategy Meeting

  • Total Investment of 119 Trillion Won This Year, Up 8% from Last Year’s Plan

  • Investment in Secondary Batteries and Steel Slows Amidst Demand Decline

Warehouse Discount Stores Thrive in Recession…Traders Outpacing Costco’s Growth

  • Last Year’s Operating Profit at 92.4 Billion Won, Up 59% YoY

  • Only Half the Size of Costco, But Growth Rate is 3.5 Times Higher

  • Achieving Economies of Scale Through Integrated Purchasing with Emart

  • Products Catering to Korean Tastes and Recession-Driven Demand

  • Expanded to 22 Stores in 15 Years, Two More to Open This Year

"Who Eats Cake These Days?"…The Truth Behind the ‘K-Dessert’ Boom

  • Yakgwa, Walnut Cookies, Injeolmi…Gen Z Driving the K-Dessert Craze

  • Various Shapes and Vibrant Colors Boosting Social Media Popularity

  • Long Lines at Starfield Suwon’s ‘Buchang Bakery’ Grand Opening

  • SPC Samlip’s ‘Honey Rice Cake’ Expanding Exports to U.S., Europe, and Southeast Asia

Extending Retirement Across the Board Could Hinder Youth Employment…‘Rehiring with Lower Wages’ Seen as Rational

  • Government Proposes Solutions for Retirement Extension

  • Unlike Labor Unions’ Push for Legal Extension, Japan’s Continuous Employment System Mentioned for Its Productivity and Cost Benefits

《Finance》

KOSPI Rises for Second Day Amid U.S. Inflation and Tariff Concerns, Hovering Around 2,540…KOSDAQ Weakens

  • Foreign and Institutional Investors Lead Buying Spree

  • Market Cautious Ahead of U.S. January CPI Release

  • Industrial Stocks Like Shipbuilding and Defense Surge, While Gaming Stocks Fall with Krafton Down 14%

‘Trump Trade’ Losing Steam…Dollar and Bitcoin Weaken

  • Tesla, Once a Beneficiary of Trump’s Policies, Falls for Five Consecutive Days

  • Concerns Over Trade War, Inflation, and Economic Slowdown

"Limit Loan Growth to 5%"…Borrowing From Savings Banks May Become Tougher

  • Individual Savings Banks Assigned Household Loan Growth Targets of 4-7%

  • Industry Concerns Over Reduced Lending to Mid-to-Low Credit Borrowers

  • Financial Authorities: “Flexible Policy Implementation”

Gold Hoarding Frenzy as Prices Surge…Banks Restrict Gold Bar Sales

  • Kookmin Bank Halts Sales, Others Facing Supply Shortages

  • 24.3 Billion Won Worth of Gold Bars Sold This Month, Up Threefold

Rather Than Adapting to U.S. Tariffs, Korea Seeks Short-Term Responses…Cautious at 1,450 KRW/USD Exchange Rate

  • Trump to Announce Retaliatory Tariff List on February 12-13

  • Short-Term Trades Over Directional Bets

  • Limited Dollar Volatility and Foreign Selling in Stock Markets

  • U.S. January CPI Release Expected in Night Trading

《Corporates》

Steel Prices Up, PET Bottle Use Increases…Companies Preparing for ‘Trump Tariffs’

  • Steel and Aluminum Face 25% Tariffs, Companies Develop Survival Strategies

  • Coca-Cola CEO: “Expanding Sales of Plastic-Bottled Beverages”

  • U.S. Steelmaker Nucor Quickly Raises Hot Rolled Coil Prices

  • Griffin: “Long-Term Capital Investments of Companies Will Suffer”

Hanwha Group Stocks Surge, Setting Record Highs on Defense and Shipbuilding Boom

  • Korea-U.S. Cooperation in Shipbuilding Spurs Optimism

  • Hanwha Holding Company Rises Over 16%

  • Hanwha Systems Hits Upper Trading Limit Intraday

BYD Partners With Deepseek…Bad News for Tesla as Its Stock Drops 6.5%

  • BYD to Equip Almost All New Cars With Autonomous Driving Tech

  • Effectively Declaring Mass Adoption of Robotaxis, While Tesla Lags

  • Musk’s Focus on Politics Also Seen as Negative Factor

World’s Largest Battery Firm CATL Moves for Hong Kong IPO

  • CATL Submits IPO Application to Hong Kong Authorities

  • IPO Expected to Raise $5 Billion, Stirring Hong Kong’s IPO Market

Is Meta’s Acquisition of a Korean Firm Just the Beginning? Big Tech Moves to Reduce NVIDIA Dependence

  • Rising Costs of NVIDIA Chips Drive Tech Giants Away

  • Forbes Reports Meta in Talks to Acquire Furiosa AI

  • OpenAI, Google, and Amazon Developing Own Chips While Huawei Rapidly Grows

《Real Estate》

No-Rank Housing Application Reform Falls Short in Solving Regional Issues…Raises Discrimination Concerns

  • Restricted to Non-Homeowners, Residency Requirements Imposed

  • More Than 10,000 Unsold Units Plaguing Regional Markets

  • Risk of Backfiring by Further Restricting Metropolitan Area Applications

"Honey, We Have to Buy Now"…Songdo Apartment, Once Over 700M KRW, Surges in Just One Month

  • Apartment Supply Expected to Decline…“Grab Fire Sales Before They’re Gone”

  • Slight Rebound in House Prices in Gangnam 3 Districts and ‘MAYONGSEONG’ Area

  • Record Prices in Banpo Raemian Firstige and Mapo’s ‘Shingongdeok Raemian 1st’

  • Clear Downward Trend in Suburban Areas of Gyeonggi, Incheon, and Outer Seoul

  • Decreasing Supply Raising Price Stability Concerns…Good Time for End-Users to Look for Deals

Construction Costs Nearing 10 Million KRW per Square Meter in Seoul Due to Rising Material Prices and Custom Designs

  • Dispute Over 7.97 Million KRW per Sqm Construction Cost at ‘Maple Xi’

  • Gangnam Districts Like ‘Jamrae-a’ Seeing Costs in the 8 Million KRW Range

  • Small-Scale Developments Struggling to Secure Builders, Leading to Cost Hikes

Opaque Unsold Apartment Statistics…Industry Estimates 100,000 Units When Unreported Cases Included

  • Government Figures Show 70,173 Units, Much Lower Than Industry Estimates

  • Calls for Mandatory Reporting of Unsold Units for Better Policy Response

  • Ministry of Land Opposes, Citing Potential Backlash From Buyers

Gap Investing Resumes in 291 Gangnam Apartments

  • Land Transaction Permit Requirement Lifted in Jamsil, Samsung, Daechi, and Cheongdam

  • 291 Out of 305 Apartments in the International Business District Now Open for Transactions

《Society》

Constitutional Court: “No Decision Yet on Additional Hearings for President Yoon’s Impeachment Trial”

  • Court: “Uncertain If Hearings Will Conclude This Week”

  • No Official Communication on Scheduling Additional Hearings

  • On Whether There Will Be a Final Statement Session: “Up to Judicial Panel’s Discretion”

70 Billion KRW Worth of Gold Smuggled in Clay-Like Form…Passed Airport Security

  • Gyeonggi North Police Arrests Ringleader, 38 Others Under Investigation

  • Smugglers Melted Gold and Mixed It With Special Substances to Evade Detection

"230,000 KRW Per Month on Tuition Fees?!" Parents Outraged as Costs Skyrocket

  • Private Academies Raising Fees Across the Board

  • Universities Also Increasing Tuition, Adding Financial Burden

"Just a Medical Note for Reinstatement"…Mental Illness in Teachers Sparks Tragedy

  • Teacher Reinstated After Just Three Weeks, Later Attacks Colleague

  • Mental Health Review Committees Ineffective, Calls for Reform

  • 4 in 10 Elementary Teachers Suffer From Depression…Urgent Need for Better Management

《International》

Trump Orders Federal Workforce Reduction…Musk Appears in White House Office

  • Restructuring to Grant DOGE Greater Authority

  • Musk: “Bureaucracy is Unelected Power”

  • Concerns Over Overreach and Conflicts of Interest Persist

Trump Pressures Jordan to Accept Gaza Residents

  • First Meeting With Arab Leaders Since Proposing U.S. Management of Gaza

  • Jordan’s King Abdullah Considering Middle East Cooperation Plan

  • 2,000 Gazan Children to Be Accepted First…Egypt May Also Cooperate

Seoul Tribune (c)

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