Did a 'Gangnam Ultra-Quick Sale' Finally Hit the Market... Have Multi-Homeowners Raised the White Flag? [3-Min Brief]

Published 05 Feb.2026 07:33(KST)

Updated 05 Feb.2026 07:34(KST)

[At a Glance]
① As the end of the capital gains tax surcharge deferral nears... 'Gangnam fire sales' hit the market
② Despite the KOSPI's all-time high... Fear index at its highest in 5 years and 10 months
③ Ministry of Agriculture, Food and Rura

MARKET INDEX

Did a 'Gangnam Ultra-Quick Sale' Finally Hit the Market... Have Multi-Homeowners Raised the White Flag? [3-Min Brief]

○ U.S. New York stock market ends mixed as AMD-led selling hits tech stocks

○ Fear of AI having peaked... Investors dump software and semiconductor stocks and flee to value stocks

○ Alphabet falls 1% in after-hours trading despite earnings beating expectations

TOP 3 NEWS

■ Eventually, an 'urgent quick-sale in Gangnam' with a 120 million won price cut hits the market... Multi-homeowners raise the white flag

○ Multi-homeowners held out but are now in a hurry
○ In Gaepo-dong, "Please sell it by May 8"
○ Mass text messages sent to real estate agencies

■ KOSPI hits an all-time high... but the fear index is at a 70-month high

○ Fear index VKOSPI climbs to its highest level in 5 years and 10 months
○ Record-high volume of leveraged investment funds is having an impact
○ "Investors should be cautious as this is a period of heightened market volatility"

■ Government reserve onions, 15,000 tons, exported to Vietnam, Taiwan, and Japan... "To stabilize supply and demand"

○ Wholesale onion prices down 27.6% from a year earlier
○ Exports promoted as part of market isolation measures
○ 40% discount support to boost consumption

Graphic News: 'KOSPI 5000 era' luxury flex... Department store Big 3 see earnings soar

○ Department store industry enjoying a 'solo boom'

○ Thanks to the trickle-down effect from booming asset markets

○ Increase in foreign visitors to Korea also contributing to earnings

Money-making Law

■ Next U.S. Fed chair also comes from law school... Era of legal professionals at the helm of financial institutions

○ Kevin Warsh nominated as the next Fed chair
○ Entered Harvard Law School and graduated with honors
○ Built his career on Wall Street instead of working as a legal expert
☞ Read the article: https://m.asiae.co.kr/article/2026020415462120975

■ Webmasters, webtoon creators, baristas... Breaking the cycle of reoffending through economic independence

○ Ministry of Justice strengthening vocational training for inmates
○ Wide range of training programs such as information and communications and webtoons
○ After release, opportunities for start-ups, employment, and entry into professional careers
☞ Read the article: https://m.asiae.co.kr/article/2026020415462725589

■ Darim Aju and LKB Pyeongsan also 'join the Coupang battle'

○ Mid- to large-sized law firms join the class action against Coupang
○ Litigation issues expand to include unfair trade practices
○ Darim Aju, LKB Pyeongsan and others are recruiting plaintiffs
☞ Read the article: https://m.asiae.co.kr/article/2026020415464231517

* 'Money-making Law', a content collaboration corner between The Asia Business Daily and The Law Times, is published every Tuesday and Thursday.

Key schedules for today

○ Domestic

○ Overseas

00:00 U.S. ISM Non-Manufacturing Purchasing Managers' Index (January)

22:15 Eurozone interest rate decision (February)

22:30 U.S. initial jobless claims

22:45 European Central Bank press conference

◇ Lunchtime & commute weather

○ Morning low: 1℃ (▲2℃) ｜ Daytime high: 8℃ (▲1℃)
○ Precipitation probability: morning 30% ｜ afternoon 20%
○ Fine dust: morning bad ｜ afternoon bad

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