SEOUL: A downturn in South Korea's home prices is causing pain in the country's unusual rent-free rental system that benefited landlords and tenants alike during a long surge in residential property prices. Yoo Ha-jin, 28, regrets not getting insurance for her jeonse deposit when she signed in March 2021. "I thought I would be just fine as long as I could get a jeonse deposit loan from the bank," Yoo told Reuters. Financial authorities are working closely with other agencies to support jeonse tenants and landlords having difficulty with refunds, said an official at the Financial Services Commission. Jeonse deposit loans more than quadrupled in less than six years through October to 172 trillion won (US$132 billion), according to the central bank.
The SAG Awards, often an Oscar preview, threw some curve balls into the Oscars race in a ceremony streamed lived on Netflix's YouTube page from Fairmont Century Plaza in Los Angeles. "This is not just for me," said Yeoh, the first Asian actress to win the SAG Award for female lead. He's also the first Asian to win best male supporting actor at the SAG Awards. But it was Fraser who went home with the SAG Award for his comeback performance as an obese shut-in in The Whale. The SAG Awards are considered one of the most reliable Oscar bellwethers.24 days ago CNA Lifestyle
In another case, a three-year-old child's chronic eczema unexpectedly improved after using the Jolicare Baby Cream for only three days. The Jolicare products, including its collagen and original creams, were found on local e-commerce platforms (company website, Carousell, Lazada and Shopee) and on social media platforms (Facebook, Instagram and Tiktok). "Illegal health products are a threat to public health and safety. The authority said it seized 737,000 units of illegal health products worth S$640,000 in street value last year through enforcement raids and covert purchases, S$200,000 more than in 2021. Those found selling and/or supplying illegal health products can be prosecuted and if convicted, could be jailed for up to three years and/or fined up to S$100,000.1 month ago CNA
BRUSSELS: TikTok, Twitter, Apple Store, Amazon and several other online platforms have announced user figures in Europe that bring them under stricter EU regulations for policing internet content. One major non-American one was Chinese-owned TikTok, which on Friday said it had 125 million active monthly users in the EU. Several platforms had chafed at the introduction of the new EU rules - and some said only that they did or did not qualify as a very big platform under the DSA. Friday's deadline for platforms to report "average monthly active recipients" determines which big platforms get enhanced EU scrutiny. They are the ones that each month have more than 45 million active users in the EU - or a reach of around 10 per cent of the bloc's population.1 month ago CNA
At least 1,293 people were killed in Syria, according to figures from the Damascus government and rescue workers in the northwestern region controlled by insurgents. In the Turkish city of Iskenderun, rescuers climbed an enormous pile of debris that was once part of a state hospital's intensive care unit in search of survivors. In the Syrian government-held city of Hama, a Reuters journalist saw an apparently lifeless child carried from the ruins of a building. Erdogan said 45 countries had offered to help the search and rescue efforts in Turkey. In the Turkish city of Malatya, a rescue worker crawled into a collapsed building, trying to identify a survivor trapped under the wreckage, in footage released by emergency agency AFAD.1 month ago CNA
LONDON: The West's latest wave of sanctions on Russian energy exports seeks to hit Moscow harder than its previous moves over the Ukraine war. There are two price cap levels, US$100 per barrel for more expensive fuel like diesel and US$45 on lower-quality products such as fuel oil. Moscow will be forced to find new markets for its oil products to preserve revenues that help finance its ongoing war in Ukraine. Yet the same ravenous appetite for crude will not apply to its refined oil products," Brennock said. European Commission president Ursula von der Leyen estimates that the oil price cap costs Moscow €160 million (US$170 million) per day.1 month ago CNA
Shares of Alphabet were down nearly 5 per cent in after-hours trading, after losing about 40 per cent of their value in 2022. Net income fell to $13.62 billion, or $1.05 per share, from $20.64 billion, or $1.53 per share, a year earlier. Adjusted profit of $1.05 per share fell short of an expected $1.18 per share, according to Refinitiv. Revenue from Google advertising, which includes Search and YouTube, fell 3.6 per cent to $59.04 billion. Alphabet Chief Financial Officer Ruth Porat said the company's total capital expenses this year will be in line with last year.1 month ago CNA
SOBRsafe Is Delivering in a Big WayThere’s no question that SOBRsafe made significant progress from a financial and operational standpoint in 2022. SOBRsafe Financial ProgressSince its uplist to the NASDAQ in June 2022, SOBRsafe has raised $19.5 million resulting in total paid-in capital since 2019 of $25 million. Wearable Device: The company has also developed a wearable device that looks somewhat like a fitness band. Here’s how their revenue model works:Device Revenue : Companies pay $600 for each stationary device they purchase and $450 for each wearable device they purchase. : Companies pay $600 for each stationary device they purchase and $450 for each wearable device they purchase.1 month ago CNA Finance