October 21: Floor area ratio of the 3rd new city increased by 250%, review of Tesla-SpaceX merger, serial arson of Yeoksam buildings

As housing instability continues, with apartment prices in Seoul continuing to rise for 88 consecutive weeks and the monthly rent share in the jeonse and monthly rent markets exceeding half for the first time in history, President Lee Jae-myung ordered a supply blitz, saying that the success of real estate policy depends on the supply of the 3rd new city. Accordingly, the government decided to increase the supply volume by raising the floor area ratio of the 3rd new city to 250%. Meanwhile, Hyundai Engineering & Construction continued its bid for maintenance projects by winning a contract to rebuild Mok-dong Complex 10 in Seoul worth 2.6 trillion won.

Indicators warning of property tax and loan interest burden were also released one after another. This year, the amount of property tax levied on apartments in Seoul surged by 478.1 billion won in one year, exceeding 3 trillion won, and the number of taxpayers with housing property taxes exceeding 5 million won exceeded 100,000 for the first time (47% increase compared to the previous year). The Dong-A Ilbo reported that the amount of home mortgage loans exposed to the risk of rising interest rates next year will amount to 563 trillion won, and in the aftermath of banking loan regulations, the balance of in-house home loans of the seven major groups has nearly doubled compared to 2022, reaching 637 billion won.

In online communities, stories surrounding housing financing and housing selection rose to the top. At Theku, there were about 81,000 posts saying that a mistake in the company's accounting department blocked the bank loan of an employee who had to pay an apartment deposit tomorrow due to non-payment of health insurance premiums for all employees for two months, a reminiscence post by a Dink born in 1976 (approximately 81,000 posts), a post about controversy surrounding the unreasonable purchase of Yeongkul (approximately 77,000 posts), and a post about Instiz's controversy over the purchase of apartments in high-end apartments by Dink people (approximately 10,000 posts). 7,000 times) also caused a great stir.

Elon Musk's space company Space Musk formalized the review of the merger of Tesla and Space However, concerns were raised in Korea that during the merger, the stake value of Tesla's general shareholders (Seohak Ants) may be diluted compared to shareholders of SpaceX, which is an unlisted company.

On the other hand, in the global AI investment market, foreign media focused on the 32% plunge of Ellis, a small Korean AI company, on the first day of listing, raising concerns about AI bubble theory and investment recovery again. KOSPI, which plunged 3% the previous day and was pushed to the 5,550 level due to the rise in global government bond interest rates, rebounded 2% and started at the 5,666 level in the early trading on the 21st due to an influx of low-priced buyers. LIG D&A, which received news of DAPA sanctions, plunged more than 11% in the early trading.

In the community, a post about an interview with Wonyoti, a famous investor who earned KRW 6 million to KRW 380 billion through virtual asset investments, was viewed about 24,000 times on Instiz, on DC Inside, an article analyzing public opinion on the overseas AI bubble was recorded about 14,000 times, and on Clien, an article about Nomura Securities' outlook for the Korean stock market was viewed 5,412 times.

A series of arson fires broke out in broad daylight at the offices of a patent firm in two downtown buildings in Yeoksam-dong, Gangnam-gu, Seoul, injuring 19 people and causing a commotion as tenants hung on window railings and called for rescue. The arrested suspect in his 70s claimed that the patent firm committed fraud even though his exercise equipment design had been registered, and it was found that he had threatened arson in the same building four years ago. The police are intensively investigating whether charges of retaliatory crime will be applied.

In the area of ​​safety and justice, the Chosun Ilbo exclusively reported that the Muan Jeju Air Disaster Accident Investigation Committee overturned its original argument that had originally focused on the pilot's negligence, and a large number of executives and employees of a KOSDAQ-listed genetic analysis company who earned unfair profits of 1 trillion won by borrowing a doctor's license to run an office manager hospital were sent to the prosecution. Additionally, 8 of the 11 companies that have experienced three or more serious accidents since last year were construction companies.

In the online community, a post summarizing the butterfly effect that appeared in the overall food, beverage and diet market following the launch of obesity treatment drugs Wigobi and Maunjaro attracted great attention, with about 88,000 views on Theku and 11,000 views on Instiz. In addition, an article about the fact that inmates at Cheongju Women's Prison treat prison guards as if they were ordering room service (about 50,000 views on Theku, about 19,000 views on Ruliweb) and a humorous article about a letter canceling a reservation at a hotel in Guam (about 100,000 views on Theku, No. 1 overall in the morning) also became hot topics.