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Wednesday, September 17, 2025

CONSUMER

Trump Reverses 1099-K Rule, Raises Payment App Reporting Limit to $20,000

Tax reporting requirements for users of third-party payment apps like Venmo and PayPal are being significantly relaxed under new federal legislation.   On July 4, President...

Korean-Style Burger Spot Opens at USC Village

A Korean-style burger restaurant operated by Korean American owners has opened near the University of Southern California.   According to the Los Angeles Times, Softie’s Burger,...

Sibling Home Buying Jumps 5X as Housing Costs Rise

Faced with rising home prices and high mortgage rates, more siblings are buying homes together to split costs and qualify for loans—especially among younger...

Gen Z Drives Surge in Superfake Market Amid Luxury Brand Skepticism

A growing number of Gen Z consumers are turning to “superfakes”—highly convincing counterfeit luxury goods that closely resemble authentic products. These items, once dismissed...

Hanmi Bank Adds Wire Transfers, Biometric Login to Business Accounts

Hanmi Bank has significantly upgraded its digital banking services for business checking account holders, introducing expanded online functionality and enhanced security tools. With the latest...

LA Convention Center Tower Project Approved with Hotel, Apartments

A major high-rise development has been approved near the Los Angeles Convention Center, bringing a new hotel and mixed-use complex to the area. The Los...

Southern California-Based Korean American Banks Expand Eastward in Search of Growth

Korean American banks headquartered in Southern California are rapidly expanding into the East Coast, signaling a strategic push to capture new markets and meet...

KFC Comeback Campaign Offers Free Bucket, Brings Back Colonel

KFC has launched a nationwide comeback campaign, offering a free eight-piece bucket of chicken or tenders with a $15+ purchase on its app or...

Hyundai Extends 10-Year Paint Warranty Over Peeling Complaints

Hyundai is extending the paint warranty for several of its vehicles after receiving consumer complaints about paint peeling and bubbling, particularly on white cars. The...

Why Hotel Minibars Are Disappearing from Luxury Rooms

Once seen as a symbol of luxury, hotel room minibars are quietly disappearing as guest preferences and cost concerns reshape the hospitality industry. According to...