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Jewellery store heists sweep South Korea amid soaring gold prices

South China Morning PostCenter-RightEN 1 min read 100% complete by The Korea TimesJanuary 29, 2026 at 09:17 AM
Jewellery store heists sweep South Korea amid soaring gold prices
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AI Summary

short article 1 min

Jewellery store thefts are increasing in South Korea due to record-high gold prices, which recently exceeded US$5,300 per ounce. This surge is attributed to factors like geopolitical tensions and a weaker US dollar. South Korean police report a rise in attempted gold thefts, with suspects quickly trying to convert stolen items into cash. Recent incidents include the detention of a teenager in Gwangju for stealing a gold bracelet worth 30 million won and the booking of a teenage boy in Daejeon for allegedly stealing gold bracelets worth 8 million won. Another case occurred in Suwon on January 21, involving a middle school student detained for attempting to sell jewellery with a forged ID.

Key Entities & Roles

Key Player Opposition Context
Gyeonggi province 40% Gwangju 50% Daejeon 50% Suwon 50% United States ×250% Donald Trump 60% South Korea 90%

Keywords

jewellery store heists 100% gold prices 90% south korea 80% thefts 70% gold 60% teenagers 50% us dollar 40% economic crime 40%

Sentiment Analysis

Negative
Score: -0.20

Source Transparency

Source
South China Morning Post
Political Lean
Center-Right (0.50)
Far LeftCenterFar Right
Classification Confidence
90%
Geographic Perspective
South Korea

This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).

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jewellery store heistsgold pricessouth koreatheftsgoldteenagersus dollareconomic crime
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