Monday, November 9, 2026Korea
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Blue wave shocks stock market KOSPI drops 11% in two days
Photo: 매일경제
In short
KOSPI fell nearly 11% over November 5th and 6th.
Democrats won big in U.S. midterm elections, raising concerns about data center regulations.
Large-cap semiconductor stocks like Samsung Electronics and SK Hynix fell sharply.
Key facts
When
KOSPI closed at 5059.69 on November 6th, down 6.02% from the previous day.
Who
Large-cap semiconductor stocks including Samsung Electronics (down 6.35%) and SK Hynix (down 10.44%) led the decline.
What
Over two days, KOSPI fell 624.11 points (10.98%), down 44.5% from June's peak.
Why
Democrats won decisively in U.S. midterm elections, raising concerns about data center regulations.
What it means for me
Increased domestic stock market volatility may cause short-term fluctuations in investor asset values.
Economy · Planned · 4 sources combinedp. 2 / 5
Eunma Reconstruction Excess Profit Recovery 460M Won Per member notification issued
Photo: 매일경제
In short
The Eunma Apartment Reconstruction Combination in Daechi-dong, Gangnam-gu, Seoul has been notified of an average contribution of 463.34 million won per member for Reconstruction Excess Profit Recovery (REPR).
This is a contribution for the Reconstruction Excess Profit Recovery system that taxes profits gained from reconstruction projects.
The number of reconstruction complexes in Seoul that have been notified or announced REPR contributions has increased to 53.
Key facts
When
Gangnam-gu Office notified the Eunma Apartment Reconstruction Combination of the contribution estimate on November 6.
Who
The Eunma Apartment Reconstruction Combination (4,424 households) in Daechi-dong, Gangnam-gu, Seoul is the subject of notification.
What
An average contribution of 463.34 million won per member, totaling approximately 2.044 trillion won for the entire complex.
How
The Korea Real Estate Board calculated based on a completion date of October 15, 2035, and this is not a final confirmed amount.
What it means for me
If you own or plan to purchase a reconstruction apartment, it is necessary to check the size of additional contributions in advance.
If considering purchasing a reconstruction complex, the REPR contribution could affect property prices and should be verified.
If you are a member of a reconstruction combination like Eunma Apartment, note that the notified amount may differ from the actual payment amount.
Economy · 4 sources combinedp. 3 / 5
Goyang Ilsan Techno Valley Site sales begin today
Photo: 연합뉴스
In short
Goyang City started accepting applications on the 9th for advanced manufacturing facility sites in Ilsan Techno Valley.
The city will attract biotech and media companies to approximately 870,000 square meters in Daehwa-dong and Beobgot-dong, Ilsanseo-gu.
Companies purchasing 3,300 square meters or more will receive up to 800,000 won per square meter in subsidies.
Visitor info
Location
Daehwa-dong and Beobgot-dong area, Ilsanseo-gu, Goyang City, Gyeonggi Province
Scale
Approximately 870,000 square meters (260,000 pyeong), targeted for completion by end of 2027
Key facts
When
Application acceptance for advanced manufacturing facility sites began on the 9th, with knowledge-based facility site applications also planned for late this month.
Where
The site covers approximately 870,000 square meters (260,000 pyeong) in Daehwa-dong and Beobgot-dong, Ilsanseo-gu, Goyang City, Gyeonggi Province.
What
The city is supplying sites for advanced industries focused on biotech and medical, media and content sectors.
How
Companies purchasing 3,300 square meters or more receive up to 800,000 won per square meter in location subsidies and tax benefits.
What it means for me
Companies considering relocation to the area should review location subsidies and tax incentives.
Working professionals can refer to job information from new companies moving into the Ilsan area.
Self-employed business owners in Ilsan should pay attention to potential commercial district changes from incoming companies.
Economy · 6 sources combinedp. 4 / 5
4.8 quadrillion won vanishes overnight US AI regulation concern shock
Photo: 한국경제
In short
Democrats won control of both chambers in the US midterm elections.
Global stock market capitalization shrank sharply in one day due to AI regulation concerns.
Korea's KOSPI also fell over 6% and dropped below the 5,000 line.
Key facts
When
New York stock market crashed on November 5 (local time) and spread to Asian markets on the 6th.
Who
Democrats took control of both chambers, local government in the November 3 midterm elections.
What
Global stock market capitalization of 3.5 trillion dollars (approximately 4.8 quadrillion won) disappeared in one day.
How
NASDAQ fell 5.52%, KOSPI fell 6.02%, closing KOSPI at 5,059.69.
What it means for me
Stock investors should monitor volatility in AI and semiconductor-related stocks for some time.
If your retirement pension includes overseas stock products, it is worth checking changes in return rates.
If your pension savings include semiconductor and AI-related assets, it is worth confirming the changing situation.
Finance · 5 sources combinedp. 5 / 5
Kakao Bank launches Stealth Account November 9 debut, 1.19% annual rate
Photo: 연합뉴스
In short
Kakao Bank launched a new 'Stealth Account' on November 9.
Your account is only visible at times and places you set.
You can hide your account by designating up to three locations like home or work.
Key facts
When
It launched on November 9.
Who
Kakao Bank issued it and anyone age 19 or older can open one.
What
A deposit and withdrawal account viewable only at up to 3 GPS-based locations like home or work within 100 meters.
How
It does not connect to other banks' open banking or other Kakao Bank products, and debit card or ATM withdrawals are not allowed.
What it means for me
If you have money you want to hide from family or acquaintances, you can choose a restricted viewing account.
