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But the booming South Korean office market may bolster arguments that it is better for employees to head back to the office — at least for those watching the US's struggling commercial-real-estate sector. The increase in competition for office space has led to a roughly 15% rise in rental prices over the last year, Bloomberg reported. KEF found that now, fewer than 60% of big companies allow their employees to work remotely. Of the 40% of companies KEF surveyed that still allow remote work, almost two-thirds of those companies said they only allow it selectively. There has been a general shortage of office space since 2021 due to government restrictions on redevelopment and the pandemic's disruption of construction.
Persons: , Claire Choi, Choi, KEF, it's, Goldman Sachs, Forbes, Biden Organizations: Service, Bloomberg, Global, Estate Services, Korea Enterprises Federation, Pulse Locations: Seoul, Korea
They Sell Seashells (With Gems) From the Seashore
  + stars: | 2023-05-26 | by ( Jill Newman | ) www.nytimes.com   time to read: +1 min
Even the French house Boucheron embellished a brown and white marbled seashell, conus marmoreus, with 286 diamonds totaling 6.54 carats for a brooch in its Carte Blanche high jewelry collection, a 26-piece set called Ailleurs, unveiled in Paris in July 2022. “It is the goal of high jewelry to arouse emotion and poetry, and it is our duty to question what is considered precious,” the house’s creative director, Claire Choisne, wrote in an email. These designers are actually bringing shells back to their roots: For most of history, shells were highly valued, and even used as currency. Cowrie shells, for instance, were used as currency in West Africa as early as the 14th century, and later, they were used for trading among African, Asian and European nations. For centuries, Native Americans shaped clam and conch shells into beads, some of which were added to ceremonial garments and accessories, while others were used as a currency known as wampum.
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