Samsung Hynix employees go on a buying spree for luxury cars and houses.
According to a report by the South Korean newspaper "Chosun Ilbo" on the 17th, due to employees of Samsung Electronics and Hynix receiving performance bonuses of hundreds of millions of Korean won, demand for housing has surged, leading to some apartment prices increasing by 1 to 2 billion Korean won. Real estate agents have stated, "Compared to just a month ago, the listing prices of major apartments have increased by nearly 2 billion Korean won." It is reported that high-end imported car dealerships are also packed with semiconductor company employees. A certain department store in Banpo-gu, Seongnam City offers Samsung Electronics employees a fast track to enter luxury shops, with a department store employee, Ms. Lee, stating, "Recently, sales by customers in their 20s to 30s have significantly increased, especially in the watch section." It is reported that last month, sales at a branch of Shinsegae Department Store in South Korea increased by 16.2% year-on-year, with sales of jewelry and watches increasing by 120% and 60% respectively. At the same time, sales at Hyundai Department Store's Pangyo branch increased by 44.7%, and sales at Lotte Department Store's Dongtan branch also increased by 30%.
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