Bin Salman, who met President Yoon, opened a gift bundle worth 40 trillion won. Korea and Saudi Arabia signed MOUs for 26 mega-projects. President Yoon "looks forward to participation in NEOM City," Bin Salman "cooperation in energy, defense, and infrastructure." The two countries agreed to newly establish a "Strategic Partnership Committee." A second Middle East boom gets underway. King dollar shock... screams over FX losses. 21 listed companies including SFA posted 500 billion won in losses on foreign-currency derivatives. "High-income white-collar workers exempt from the 52-hour workweek." Outline of the "labor market reform plan." Extended-work management under review for up to one year. Introduction of an overtime "savings account system." Will even a "crypto-lending big shot" collapse?... "No money, withdrawals suspended." Aftershocks of the crypto exchange FTX bankruptcy. As fund outflows continued, withdrawals were suspended. CEO "pursuing new liquidity procurement." Related exchange Gemini also faces a bank run. "FTX investor" Temasek posts a 270 million dollar loss. Domestically, Gopax's "GoFi" faces delayed withdrawals. Single-home owners paying the comprehensive real estate tax rose 6-fold in 5 years. On the 17th, it was announced that the number of people notified of this year's residential comprehensive real estate tax is 1.2 million, of whom single-household single-home owners are estimated at about 220,000. The total comprehensive real estate tax that single-home owners must bear is 240 billion won.
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