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Monday, 10 August 2026 Reading Room
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The Seoul Metropolitan Government has announced a second supplementary budget of 2.8061 trillion won, with a focus on expanding support for housing and youth. This second supplementary budget for 2024, approved by the Seoul Metropolitan Council on the 29th, totals 2.8061 trillion won. The budget breakdown includes 1.7014 trillion won in general accounts and 1.1047 trillion won in special accounts. With this, the Seoul city's total budget for 2024 will be 45.6191 trillion won. The city plans to use 793.2 billion won to support housing stability for low-income and vulnerable groups. This includes 243.9 billion won for housing rental support, 267.6 billion won for security deposits, and 281.7 billion won for housing maintenance. Additionally, 247.2 billion won will be allocated to support youth, including 132.6 billion won for youth housing support and 114.6 billion won for youth education and career development. The city also plans to use 352.9 billion won for transportation and 297.9 billion won for infrastructure and disaster prevention. The city aims to minimize the financial burden on citizens and promote a balanced regional development through this second supplementary budget.

·hani.co.kr

Pre-orders for Galaxy Z Flip 5G, Samsung’s latest foldable smartphone, have reportedly surged 30 percent compared to its predecessor, the Galaxy Z Flip. Industry insiders revealed on August 13 that pre-orders for the Galaxy Z Flip 5G, which began on August 6, have already surpassed 30 percent of the previous model’s total pre-orders. The Galaxy Z Flip 5G was co-developed by Samsung Electronics and KT, and was the first 5G-enabled foldable smartphone to be released in Korea. The phone’s strong sales are being attributed to its stylish design and improved performance. In particular, industry insiders say that the number of female customers making purchases has increased significantly. The Galaxy Z Flip 5G’s predecessor, the Galaxy Z Flip, was often criticized for being an “ajjae phone,” a colloquial term used to describe a product that is popular among middle-aged men. However, with the release of the Galaxy Z Flip 5G, it appears that Samsung has successfully appealed to female customers as well. According to Samsung Electronics, customers in their 20s and 30s made up 60 percent of pre-orders for the Galaxy Z Flip 5G. The company added that the number of female customers making pre-orders jumped by 20 percent compared to the previous model. The Galaxy Z Flip 5G will be available for purchase starting on August 14.

·hani.co.kr

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