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Sunday, February 16, 2025

CONSUMER

KAIFPA urges wildfire victims to file claims quickly to save processing time

The Korean American Insurance & Financial Professionals Association (KAIFPA), led by President Sunny Kwon, hosted a meeting in Los Angeles to assist wildfire victims...

SBA launches emergency loan program for California wildfire victims

The Small Business Administration (SBA) has introduced an emergency loan program to assist California residents affected by wildfires. Homeowners can borrow up to $600,000,...

Rising credit card fees burdening businesses are being passed down to consumers

At a smoke shop in Los Angeles, a Korean American customer experienced frustration at the checkout counter. When he handed over his credit card...

IRS offers key tips to prepare for a smooth 2025 tax season

As California’s tax filing season officially began on January 7, the IRS will launch its free tax filing services starting January 10. With the...

Korean-American banks launch free remittance service for Lunar New Year

Korean American banks in Southern California are offering a “free remittance service” to waive wire transfer fees in celebration of the Lunar New Year...

Apple under scrutiny in Korea over Siri privacy concerns following $95M U.S. settlement

Korea is reviewing whether Apple broke consumer privacy laws with its voice assistant Siri, targeting the U.S. tech giant just days after it agreed...

Consumers turn to cost-cutting methods as streaming service fees surge

Once celebrated for their convenience and diverse content, streaming services are increasingly becoming a financial burden for households as subscription fees rise. Companies are...

Walmart’s Hermes Birkin bag lookalike sparks debate in fashion industry

A Walmart handbag resembling the iconic Hermes Birkin bag has become a hot topic in the fashion world. The lookalike, called the "Wirkin" bag,...

Half of Korean-American applicants for first-time home purchase assistance are rejected

Programs supporting first-time homebuyers have expanded, but many Korean Americans fail to benefit due to insufficient preparation. The Shalom Center (Director Jee R Lee), which...

IRS to automatically distribute $2.4 billion in recovery rebates to 1 million taxpayers

The Internal Revenue Service (IRS) will begin automatic payments of the Recovery Rebate Credit (RRC) later this month to taxpayers who qualified but did...