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Hoonsik Woo

Hoonsik Woo is a journalist specialized in covering banking, real estate and automotive news in the Los Angeles area. Woo focuses on in-depth analysis to help readers navigate the complexities of personal finance and investing in LA’s housing markets, as well as keeping them up-to-date with the latest automotive trends and innovations.
CONSUMER

Home Sales Drop 16% in May as Condo Deals Plunge

The number of homes sold in Koreatown fell by 16 percent in May 2025, with condo sales plunging by 43 percent compared to the...
LATEST NEWS

Immigration Crackdown Raises Concerns Over LA Economic Fallout

A federal immigration crackdown targeting undocumented workers is raising alarms across Los Angeles, where the local economy relies heavily on immigrant labor. On June 10,...
LATEST NEWS

Phyn Startup Acquisition: Korean American-Led Firm Sold for $25M

Phyn, a smart home technology startup specializing in water leak prevention, has been acquired for $25 million by a private investment group. The deal...
CONSUMER

Mortgage Shopping Can Cut Loan Costs by $110K in California

Californians can save big by comparing mortgage options, with new data showing potential lifetime savings of more than $110,000—the highest in the nation. LendingTree, an...
CONSUMER

California Offers Up to $20K in Mortgage Disaster Assistance for Wildfire Victims

California Housing Finance Agency (CalHFA) has launched a new program that provides up to $20,000 in mortgage assistance to homeowners whose properties were damaged...
CONSUMER

Authentic Korean Restaurant Gabin Debuts in Koreatown

A new traditional Korean restaurant named Gabin has opened in Los Angeles Koreatown, offering high-quality dishes ranging from K-bbq and marinated crab to cold...
LATEST NEWS

ICE Raid in Downtown LA Disrupts Korean American Garment Industry

A federal immigration raid on June 6 in downtown Los Angeles has sent shockwaves through the Korean American garment industry, particularly in the Fashion...
LATEST NEWS

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

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...
CONSUMER

Uber Adds Senior Account with Simpler Layout and One-Tap Reservation

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...
CONSUMER

Baby Boomer Business Owners Face Succession Crisis

As more Korean American baby boomer business owners reach their retirement age, a growing number of them are shutting down their businesses without a...
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