▶주메뉴 바로가기
▶본문 바로가기
Finance Minister Hong Nam-ki said on May 20 that the government will roll out changes to housing policies which may include real estate taxation reforms as early as next month. While maintaining the key framework and the stance of the real estate policy announced on Feb. 4, which focuses on ea...
The South Korean government will support the development and commercialization of clean energy technologies and set up a climate response fund next year to achieve the goal of going carbon neutral by 2050. Finance Minister Hong Nam-ki said Monday that preparation for the scenario to achieve ne...
Transforming South Korea’s economy into a fairer and more transparent one was what President Moon Jae-in had in mind when entering office in 2017. To soothe the public enraged over high-profile corruption involving the former president, his political archrival Park Geun-hye, Moon and his...
Cho Young-eun, a 68-year-old retiree in Seoul, thought she would have a comfortable life in the years ahead. She and her husband had an apartment to live in, and a pension and savings to cover their daily expenses. But her expectations were shattered when she learned about the tax hike on her ...
South Korea’s National Pension Service has adjusted its rules to raise the strategic asset distribution limit for domestic stock holdings by 1 percentage point, Minister of Health and Welfare Kwon Deok-cheol said on April 9. “The proportion of strategic asset allocation limit for do...
South Korea’s maximum legal interest rate that private lenders can charge customers will be lowered to 20 percent per annum from July, the nation’s top financial regulator said on March 30. A revised enforcement ordinance to cut the maximum lending rate suggested by the policymaking...
South Korea’s tax agency said on March 15 that it had caught more than 2,400 individuals who hid assets in virtual currencies to avoid taxation. The National Tax Service collected data from digital currency exchanges and caught 2,416 tax delinquents who had concealed assets through crypt...
South Korea should adopt fractional share investing in order to enhance financial inclusiveness and diversify asset portfolio of small investors still rely heavily on real estates, the head of a local fintech firm suggested on March 4. By allowing investors to buy less than a full share, inves...
The Financial Supervisory Service on Thursday warned retail investors to be cautious of initial public offerings launched by promising but still loss-making companies, stressing that short-term gains may not be achievable. “As the rules allow (loss-making) companies (but with growth potent...
Consumers who order more than 20,000 won ($18.30) on designated delivery apps with a credit card will get 10,000 won as a cash back reward or discount, the government said on Dec. 29. Currently, seven delivery apps including Baedal Minjok, Yogiyo, Payco and Coupang Eats are participating, and four...
South Korea’s Finance Vice Minister Kim Yong-beom warned on Dec. 8 that the ample liquidity level that arose during the COVID-19 crisis management procedure may trigger an overheating phenomenon in the assets market. He especially urged real estate market participants not to get carried awa...
A team of 14 lawyers representing South Korean app developers will report Google to the country’s antitrust watchdog, saying that its app market’s billing system is in violation of fair trade laws. According to a statement from the lawyers on Monday, they will report Google to the Fa...
South Korea’s top financial regulator said on Nov. 18 that it has decided to relax regulations on five promising services proposed by local companies in continued efforts to spur innovation in the finance sector. The move is part of the government‘s “regulatory sandbox” p...
State-owned companies, including land developer Korea Land & Housing Corp. and Korea Data Center Council, an organization that promotes the local data center industry, have signed an agreement to spend approximately 4 trillion won ($3.6 billion) to build a data center park powered by green energ...
Despite the containment of the coronavirus pandemic nationwide, South Korea, Asia’s fourth-largest economy, is still sitting on an economic powder keg, high-ranking officials of credit rating agency S&P Global Ratings said on Oct. 15. While Korea and other Asia-Pacific economies are seei...
Korean Air to expand flights to pre-pandemic levels
Igis to create fancy office complex in central Seoul
K-water to share know-how with Vietnam
Asiana Airlines wins data transfer certification in China
Celltrion's Zymfentra makes US debut
Kumho Tire to make EV push with EnnoV rebrand