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The government said on March 11 that it is considering extending a temporary tax deduction for credit card use in a move to ease public concerns over possible benefit cuts. Korea introduced the c...
After several months of bumpy negotiations, the taxi industry and Kakao Mobility finally broke their impasse and reached an agreement on March 7 to allow paid carpooling services. According to the a...
Korea will strive to achieve a “people-oriented” fourth industrial revolution, with a focus on the successful commercialization of the 5G networks and making more hydrogen-powered vehicles, the ICT M...
Korea’s tax agency said on March 7 that it has launched probes into 95 rich people to see if they attempted to avoid paying taxes. The National Tax Service said the latest crackdown includes 37 o...
The Ministry of Economy and Finance will look into various financial options to curb fine dust, which has blanketed Korea for days, an official said on March 6. The move came soon after President...
Korea ranks 13th in the world in terms of intellectual property standards, a US report showed on March 6. The country received 36.06 points out of the full 45, with its ranking slipping two spots...
The Korean economy grew by a six-year low of 2.7 percent last year due to sluggish corporate investment, but its per capita income surpassed US$30,000 for the first time, preliminary data by the cent...
One of the key policy goals of the Moon Jae-in administration is to propell Korea as a hydrogen-powered economy, having unveiled a road map to becoming a global leader in related technologies. To do...
The Seoul government said on March 4 it will intensively foster its meetings, incentives, conferences and exhibitions sector as part of efforts to help stimulate the sagging economy. The Seoul Me...
Korea’s per capita income is expected to surpass US$30,000 for the first time, the finance minister said on March 4, a dramatic rags-to-riches success story that has no parallel in contemporary histo...
Korea’s Industry Ministry said on March 4 it will seek to foster new growth engines for the country’s exports and diversify the portfolio to ease the dependency on semiconductors. According to th...
South Korea said on March 4 it is maintaining round-the-clock tabs of financial markets and set to take necessary steps in case of volatility. The move came four days after the leaders of North K...
South Korea’s financial regulators tentatively approved three new real estate trust operators on Mar. 3, enabling new players to join the business segment for the first time in 10 years. The Financi...
New Trade Minister Yoo Myung-hee has been serving as the Industry Ministry’s deputy minister for free-trade agreement negotiation, and is known as Korea’s first female trade expert. The government e...
The government has retracted its plan to consider employers’ ability to pay salaries in setting the minimum wage, officials said on Feb. 27. The Ministry of Employment and Labor announced a final re...
Netmarble picked as preferred bidder for Coway
NetMarble investors look Woongjing Coway deal with a wary eye
KRX defers delisting decision for Kolon TissueGene
Samsung Galaxy Fold available again in Korea, soon in Japan, China
Hyundai hires ex-Audi CEO for US operations of Genesis
Lotte REIT raises W430b in IPO ahead of Kospi listing
Hanwha showcases defense technologies at US’ largest land power expo
Facebook ups ante in video platform market
October 14, 2019
