Hoonsik Woo

Reporter at The Korea Daily

Reporter at The Korea Daily (English)

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Articles

Downtown LA Office Tower Sells for $210 Million in This Year's Largest Deal

3 weeks ago | koreadailyus.com | Hoonsik Woo

Figueroa at Wilshire, a prominent 52-story office tower in downtown Los Angeles, has changed ownership in what is reported as the largest commercial property sale in the city this year. Sold for $210 million at $201 per square footAccording to real estate brokerage Costar, seller Brookfield Properties sold the building to Uncommon Developers, a private real estate investment firm based in the San Fernando Valley, for $210 million. The price per square foot was $201.
Uber Adds Senior Account with Simpler Layout and One-Tap Reservation

3 weeks ago | koreadailyus.com | Hoonsik Woo

Uber has officially launched a simplified rideshare app experience designed for senior users across the United States. Following a pilot program in Phoenix and Orlando in May, the company expanded its new “Senior Account” feature nationwide on June 4. The feature is integrated into Uber’s existing Family Profile and tailored to meet the needs of older adults. Designed for ease of useThe senior version of the app includes a simplified screen layout with larger font sizes and fewer on-screen buttons.
Baby Boomer Business Owners Face Succession Crisis

3 weeks ago | koreadailyus.com | Hoonsik Woo

As more Korean American baby boomer business owners reach their retirement age, a growing number of them are shutting down their businesses without a succession plan, raising concerns about a looming succession crisis in the community. A wave of small, family-owned businesses—including restaurants, laundromats, beauty salons, retail stores, and motels—are disappearing from Korean enclaves.
10 Korean American Business Leaders Named to LA500

3 weeks ago | koreadailyus.com | Hoonsik Woo

Ten Korean American entrepreneurs and executives have been selected for this year’s LA500 list, which recognizes the most influential figures in the Los Angeles area. The Los Angeles Business Journal (LABJ) annually compiles the list to highlight individuals who significantly impact the local economy and society. Repeat Honorees and Banking LeadersAmong the honorees, Kevin Kim, CEO of Bank of Hope, was included for the tenth consecutive year.
Korean Auto Brands Top 2025 Best Cars for Teens List

3 weeks ago | koreadailyus.com | Hoonsik Woo

As graduation season begins, more parents are focused on buying cars for their teenage children. Experts advise that with the right choice, parents can find reliable and economical models from trusted brands that ensure safety and value for their graduating children. In a recent report by US News & World Report, 12 models were selected as the best new and used cars for teens in 2025, with South Korean car brands taking more than half of the spots.
Having $2,000 Emergency Savings Feels Safer Than $1M in Assets

4 weeks ago | koreadailyus.com | Hoonsik Woo

A new study has found that the most significant factor in boosting financial security isn’t a million-dollar nest egg or a high salary—it’s simply having $2,000 in emergency savings. Vanguard, an investment company, surveyed over 12,000 investors and found that having at least $2,000 set aside for emergencies increased financial security more than income or assets.
New Car Purchases Become More Affordable Than Used as Inventory Grows

4 weeks ago | koreadailyus.com | Hoonsik Woo

Amid steadily rising new car prices in recent years, buyers considering a vehicle purchase this year may find that new cars offer a better deal than used ones. A report from Cars.com predicts that both new and used car prices will remain high this year. However, used car buyers will likely face even more challenges in finding quality vehicles at reasonable prices. While new car demand has slowed, inventories have grown, leading to increased incentives and other benefits for buyers.
Jamison Properties Secures $220 Million Refinancing for Koreatown Luxury Apartment

4 weeks ago | koreadailyus.com | Hoonsik Woo

Jamison Properties, a Korean American real estate firm, has secured more than $220 million in refinancing for its luxury apartment complex, Opus, located in Los Angeles Koreatown. The Real Deal reported that Jamison Properties recently completed the refinancing of the Opus project, a newly built luxury apartment development situated between Wilshire Boulevard and 6th Street.
Consumers Walk to Make A Buck with Cash Earning App

1 month ago | koreadailyus.com | Hoonsik Woo

Some rewards apps are gaining popularity as users earn points simply by walking. With over 20 million users worldwide, the app lets people exchange points for cash, gift cards, or donations to charity. How WeWard Turns Walking Into CashA Korean American user in his 20s downloaded an walking rewards app ‘WeWard’ after hearing about the app’s potential to earn money while walking. By hitting daily goals, he collected enough points to redeem for a $10 Walmart gift card.
Memorial Day Travel Surges as Korean Americans Choose Local Tours

1 month ago | koreadailyus.com | Hoonsik Woo

Despite ongoing economic and social uncertainty, travel demand among Korean Americans for the upcoming Memorial Day weekend (May 23–26) has increased compared to last year, according to local travel agencies. With concerns over a potential recession and heightened immigration enforcement, many are opting for short-distance, domestic getaways instead of long-haul international travel. This shift has fueled interest in “local travel” options seen as safer and more flexible.

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Michele Gile

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Reporter at KCAL-TV (Los Angeles, CA)

Michele Gile primarily covers news in the Greater Los Angeles area, including cities like Long Beach and surrounding regions in California, United States.