News South Korea: Extra South Korean budget not an option on the table, says finmin
SEOUL, May 30 (Reuters) - South Korea's finance minister said on Tuesday that the government was not considering a supplementary budget for now, rejecting speculation that a comment made by another senior policymaker signaled a policy change. Asked about the top presidential aide's comment last week that "an extra budget is worth a discussion," Minister Choo Kyung-ho said it likely meant such
News South Korea: S. Korea's tax revenue to stay sluggish for time being: Choo
South Korea's tax revenue is expected to remain sluggish for the time being due to weak corporate performances and a slump in the property market, the finance minister said Tuesday. The remark came as ...
News South Korea: Australia news live: PM calls for PwC tax leak employees to be named; geologist explains Melbourne earthquake ‘boom’
Indexation is causing student debts to increase faster than they are being paid off. Larger debts take much longer to pay off, with student debt becoming a lifelong burden for too many. ...
News South Korea: European Union will tackle India's concerns on carbon tax, official says
By Manoj Kumar NEW DELHI (Reuters) - The European Union has assured New Delhi it will hold two-way talks to tackle its concerns over tariffs proposed on imports of high-carbon goods such as steel and iron ore from India, the bloc's climate policy chief said on Friday. Last month, the 27-nation EU approved the world's first plan to impose from 2026 a levy on imports of high-carbon goods ranging
News South Korea: S. Korea unveils first 5-year plan to nurture advanced, strategic industries
South Korea unveiled its first five-year plan Friday to support a massive investment by private companies in the advanced industries of semiconductors, displays, batteries and bio by extending ...
News South Korea: Strong headwinds ahead for South Korea’s housing market
Korea’s housing market has experienced a significant slump since July last year. A number of factors, including high borrowing costs, tight credit conditions, and previously stringent tax and ...
News South Korea: South Korean Officials Approve Proposal to Include Virtual Assets in Ethics Act Amid Cryptocurrency Scandal
South Korea officials may approve virtual asset inclusion in Public Service Ethics Act, covering cryptocurrency. Know more.
News South Korea: South Korea asks US to review China rule for chip subsidies
By Soo-hyang Choi SEOUL (Reuters) - South Korea has asked Washington to review its criteria for new semiconductor subsidies, concerned over the impact of rules to limit chip investment in countries such as China, a U.S. public filing showed. In March, the U.S. commerce department proposed rules to prevent China and other countries it deems to be of concern from tapping funds of $52 billion
News South Korea: (LEAD) S. Korea rules out decoupling from China: finance minister
South Korea's finance minister on Monday ruled out the possibility of decoupling from China, calling the world's second-largest economy Seoul's "most important partner" for economic cooperation. South ...
News South Korea: S. Korea's trade balance expected to improve after May: finance minister
South Korea's finance minister said Monday the country's trade balance could improve after May and he expects a gradual recovery of tax revenue down the road as well. "After May, South Korea's trade ...
News South Korea: South Korea wants Southeast Asian domestic workers to support families. But are they welcome?
Aimed at encouraging women to have more children amid declining birth rate, there is debate over pilot scheme, including on potential discrimination and lower than locals’ pay for those Southeast ...
News South Korea: The South Koreans Who Won't Leave Their Rooms
So-called "reclusive youths," who the government says rarely leave their homes, could receive a monthly handout of 650,000 won ($490) on top of additional support for personal and professional ...
News South Korea: S. Korea, Portugal agree on revised double-tax avoidance pact
South Korea's finance ministry said Friday it has revised a double-taxation prevention pact with Portugal in line with efforts to promote economic exchanges. The revision is aimed at accurately ...
News South Korea: Korea trade minister says Republican win may lower IRA tax boon
South Korea believes the US may reduce the tax credits in President Joe Biden's landmark clean energy law, which encourages automakers to manufacture electric cars in the US, should Republicans come ...
News South Korea: Cannes: How South Korea Became a VFX Powerhouse
Before shooting began on Bong Joon Ho’s Oscar-winning Parasite, the film’s production crew had trouble finding one of the film’s crucial locations: the luxurious home of the wealthy Park family. The chances of finding the right house were slim, but the chances of finding a two-story house with an ideal setting was even slimmer. As
News South Korea: South Korea Concerned a Republican Win May Lower IRA Tax Credits
South Korea believes the US may reduce the tax credits in President Joe Biden’s landmark clean energy law, which encourages automakers to manufacture electric cars in the US, should Republicans come ...
News South Korea: South Korea aims to boost global display market share to 50% by 2027
SEOUL (Reuters) - South Korea aims to increase its share of the global display market to 50% by 2027, through private sector investment and government tax benefits and subsidies, the country's industry ministry said on Thursday. South Korea, home to major display panel makers such as Samsung Display and LG Display Co Ltd, currently has a 37% share of the global display market, according to the
News South Korea: S. Korea, Canada to expand ties in supply chains of key minerals
South Korea's industry ministry said Wednesday it has clinched an agreement with Canada to expand economic ties and bolster cooperation in the supply chains of key minerals. The Ministry of Trade, ...
