News South Korea Taxes: South Korea’s inheritance tax sparks millionaire exodus
Rigid inheritance laws blamed as 2,400 wealthy residents leave the country. Business group seeks reforms including tax payment via stocks.
News South Korea Taxes: Russia suspends tax treaties with ‘unfriendly countries’
Impacted countries include many EU member states, as well as Australia, Japan, South Korea, the US and some low-tax jurisdictions.
News South Korea Taxes: South Korea proposes tax cuts to stimulate corporate investment, childbirth
South Korea on Thursday proposed tax cuts to encourage companies to shift operations back home and nurture the biopharmaceutical and visual entertainment industries, to stimulate domestic growth and reduce reliance on traditional manufacturing sectors.
News South Korea Taxes: South Korean firm to build electric vehicle parts facility in Tennessee
South Korea's Hanon Systems announced it will build a new manufacturing facility in Tennessee that will create 600 jobs.
News South Korea Taxes: Chinese Battery Firms Are Building Korean Factories To Be Eligible For U.S. Tax Breaks
One of these companies is Ningbo Ronbay New Energy Technology Co. It recently announced that it will produce 80,000 tons of ternary precursors in Korea at a new factory and acknowledged it chose the ...
News South Korea Taxes: Chinese firms ramp up investment in South Korea to get US EV tax credits
Chinese battery materials firms are ramping up investment in South Korea, announcing projects worth at least $4.4 billion this year to try to meet U.S. electric vehicle (EV) tax credit rules aimed at lowering reliance on China's supply chains.
News South Korea Taxes: South Korea Emerges as Gateway for Chinese Firms Eyeing US Electric Vehicle Market
Chinese firms are investing in South Korea's battery industry to gain exposure to the U.S. market, leveraging Korea's free-trade agreement with the U.S. and potential tax breaks under Biden's Inflation Reduction Act. Over the past four months, Chinese and Korean companies have announced $4 billion of investments in five new battery factories in Korea, with talks ongoing for more projects, Bloomberg reports. Also Read: Tesla Supplier CATL Prepares To Monetize EV Batteries Under M3P Technology As
News South Korea Taxes: South Korea to increase military and financial aid to Ukraine in 2023
South Korean President Yoon Suk Yeol announced during his visit to Ukraine that his country plans to increase financial and military cooperation with Ukraine in 2023.
News South Korea Taxes: South Korea Rolls Out Interagency Investigation Unit to Tackle Crypto Crime
South Korea is ramping up fight against crypto crime with the launch of multi-agency virtual asset crime investigation unit.
News South Korea Taxes: South Korea reinforces crypto regulation with new crime investigation unit
South Korea has launched the Joint Investigation Center for Crypto Crimes to fight escalating cryptocurrency misconduct. The investigation team will comprise 30 individuals from the customs, tax, financial, and judicial agencies.
News South Korea Taxes: South Korea launches interagency investigation team to tackle rising crypto crimes
South Korea launched an interagency investigation unit to tackle crypto-currency crimes on Wednesday amid a surge in illegal activities in the market and a lack of legal protections for investors.
News South Korea Taxes: Korea, Indonesia vow to bolster business ties
Top government officials and entrepreneurs from South Korea and Indonesia on Tuesday renewed their commitment to bolstering economic and business ties between the two countries, commemorating the 50th anniversary of bilateral relations this year. “As of 2022, South Korea became the seventh largest investor in Indonesia, reaching $2.29 billion, a 40.06 percent jump from a year earlier. Indonesia is ready to coop...
News South Korea Taxes: North Korea launches ballistic missile, South Korea says, two days after claiming to repel U.S. spy plane
South Korea's military detected the long-range missile launch from the North's capital region around 10 a.m., the South's Joint Chiefs of Staff said in a statement. It said South Korea's military ...
News South Korea Taxes: South Korea export recovery to be sluggish compared with past – central bank
SEOUL (Reuters) - South Korea's exports are expected to recover going forward, but at a sluggish pace compared with the past due to a narrower gap in competitiveness against China, the central bank said in a report published on Friday. "Even if the...
News South Korea Taxes: South Korea annual economic growth likely slowed slightly in Q2
South Korea's economic growth likely slowed a bit last quarter as languishing exports and high interest rates hurt private consumption that accounts for about half of the economy, a Reuters poll of economists found.
News South Korea Taxes: Korea designates 7 'specialized complexes' for strategic, advanced industries
South Korea announced a decision Thursday to designate seven "specialized complexes" for the semiconductor, display and secondary battery industries in major cities across the country to offer a ...
News South Korea Taxes: Japanese, US, and South Korean officials condemn the North’s weapons plans but urge dialogue
TOKYO (AP) — Senior officials from Japan, the U.S. and South Korea condemned North Korea over its recent ICBM-class ballistic missile launches and vowed
News South Korea Taxes: South Korea, Vietnam to boost work on North Korea nuclear threat
South Korea and Vietnam agreed on Friday to boost security cooperation, citing North Korea's nuclear threat, and committed to increasing bilateral trade and investment despite a slump this year and Vietnam's planned tax hikes on large firms.
