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Hoonsik Woo

Hoonsik Woo
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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.
Business

42% of Workers Can’t Save as Housing and Healthcare Costs Climb

Many workers say money runs out before the month does. A new survey finds 42% of younger employees—from Gen Z to Gen X—have nothing...
Business

Koreatown home sales up 10% as mortgage rates ease

Koreatown home sales picked up in Los Angeles Koreatown in September as mortgage rates eased and the market turned more favorable to buyers. A...
Business

Tesla Removes Radio from New Budget Models

Tesla is removing built-in AM and FM radio from its new budget models. According to MotorTrend, the 2026 Model 3 Standard and Model Y...
Business

37-Unit Koreatown Affordable Housing Planned on Crenshaw Blvd

A 37-unit Koreatown affordable housing project is planned for a vacant corner lot at 898 S. Crenshaw Blvd., bringing new studio apartments reserved for...
Business

LA Ranks 4th Most ‘House Poor’ as Residents Spend One-Third of Income on Housing

Living in Los Angeles now means devoting nearly a third of household income to housing — one of the highest cost burdens in the...
Business

LA to Build First-time Homebuyer Housing on Vacant City Land

Los Angeles will move to create first-time homebuyer housing by selling or transferring 12 city-owned vacant parcels to private developers, aiming new for-sale homes...
Business

First New Apartment in Koreatown’s Historic Normandie District Completed by Jamison

Jamison Services has completed a Koreatown apartment project at 738 S. Normandie Ave., delivering a seven-story, 44-unit building that marks the first new construction...
Business

Los Angeles Home Prices Up 292% in the Past 50 Years

Los Angeles home prices have climbed 292% over 50 years, placing the metro third nationwide in long-run gains, according to Realtor.com’s analysis of FHFA...
Business

California ZEV Sales Hit Record Before Tax Credit Ends

California’s zero-emission vehicle (ZEV) sales reached an all-time high in the third quarter, driven by a rush of buyers eager to secure federal tax...
Business

California Home Down Payment Rate Falls to 16.3% Amid Cooling Market

The average down payment for homes in California fell in the third quarter as buyers faced higher rates and high prices. A new report...
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