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2 S. Korean players suffer injuries during MLB games
Prosecutors grill pastor in luxury gift case involving first lady
S. Korea to set up over W10tr program to support chip industry
S. Korean police arrest suspect behind murder of Korean tourist in Pattaya
Seoul shares open higher amid mixed signals for US rate cut
FM Cho says he will have 'frank, in-depth' talks with Wang
[Graphic News] Over 80% of people filing bankruptcy in Seoul in their 50s and older
[Yoo Choon-sik] Promises for living cost problems
[Ken Taylor] Reshaping the discourse on heritage
[Editorial] Simplify property taxes
N. Korea expresses full support for Palestinian UN membership
Afghanistan floods devastate villages, killing 315
1 passenger dies after falling overboard on cruise ship
[Herald Interview] Sculptor inspired by childhood friend nature
LG Electronics CEO offers to pay $1m salary to top AI talents
Hybe-Ador CEO conflict gets messier
[Contribution] Korea should prioritize innovation, not misguided platform regulation
Battery makers ramp up efforts to diversify graphite supply chain
Yoon names new military manpower chief
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Loans of self-employed swell 50% in four years
May 12, 2024
The reliance on bank loans among self-employed South Koreans has surged considerably since the onset of the pandemic, with the overall loan volume and the default rate rising steeply in the past four years. According to data from the nation's major credit ratings firm Nice, provided to Rep. Yang Kyung-sook of the main opposition Democratic Party of Korea, the outstanding loans to self-employed individuals from local financial institutions totaled 1,112.74 trillion won ($811 billion) as of the
Science Ministry expresses regret over Japan’s pressure on Naver
May 10, 2024
The Science Ministry on Friday expressed regret over the Japanese government’s pressure on Naver to shed its ownership stakes in the popular messaging app Line, hinting at "strong and stern" measures if necessary. “The Seoul government's firm position is that we’ll ensure Korean companies, including Naver, are not subject to any unreasonable measures related to overseas business and overseas investment,” Second Vice Science Minister Kang Do-hyun told reporters
Bithumb to pay W40b taxes for crypto airdrop winners
May 10, 2024
Korea's major cryptocurrency exchange Bithumb said Friday that it will cover all the 40 billion won ($30 million) of taxes imposed on the winners of its crypto airdrop events. According to Bithumb, some 10,700 users were slapped with a combined 20 billion won in taxes last year for their compensations, including virtual assets and paybacks on commission, worth 83 billion won earned after participating in its multiple airdrop events held between 2018 and 2021. In Korea, the tax authorities hav
Financial regulator to complete short selling probe this year
May 10, 2024
South Korea's chief financial regulator, Financial Supervisory Service Governor Lee Bok-hyun, said the agency plans to conclude its ongoing investigation into illegal short selling by the end of the year. He made the statement during a meeting with a group of reporters on Thursday. "We've completed investigations into some companies and made significant progress with three others. About five companies remain, and, if possible, our goal is to wrap up the investigation by the end of this ye
Yoon doubles down on repeal of financial investment income tax
May 9, 2024
President Yoon Suk Yeol on Thursday has expressed a strong willingness to rescind the introduction of capital gains taxes on financial investment incomes, asserting the legislation would bring massive outflow of funds from the country’s capital market. “Not only is the understanding of 14 million retail investors at stake, but if the capital market collapses and fails to function properly, it will have a significant impact on the real economy,” Yoon said during a press confere
Minister says chip subsidy a ‘tall order’
May 9, 2024
Government policy to focus more on creating favorable environment for large-scale investments
Over 80,000 millionaires, 20 billionaires in Seoul: report
May 8, 2024
Korean capital outnumbers Tokyo when it comes to billionaires
Minister pledges support for Naver in Line dispute
May 8, 2024
Korea will put Naver’s interest in the forefront in coming up with countermeasures to cope with the Korean IT firm’s conundrum of the Japanese government’s pressure on Naver to give up its ownership in Line, a leading messaging app in Japan that Naver has fostered for over a dozen years, the Korean science minister said Wednesday. “Regarding Japan’s administrative guidance of (Line), we have been continuously and closely cooperating with Naver to guarantee the max
Korean battery makers heave sigh of relief over 2-year IRA reprieve
May 8, 2024
Korean govt. pledges W9.7tr policy funding to reduce reliance on Chinese materials
Dried seaweed prices skyrocket to highest-ever level
May 7, 2024
The wholesale price of gim, or dried seaweed, in South Korea in April nearly doubled from last year, rising to its highest-ever level. A 100-sheet package of gim was traded at an average of 10,089 won ($7.4) in April, soaring by 80.1 percent compared to the same month in 2023, according to the state-run Korea Maritime Institute. It was the first time that the wholesale price of gim surpassed the 10,000-won mark, and the institute projects that the price will keep climbing to 10,875 won by Oct
NPS commits record W1.5tr for alternative investments
May 7, 2024
South Korea's National Pension Service will pour a record 1.5 trillion won ($1.1 billion) in alternative assets managed by external managers this year, the largest such allocation in the fund's history. The majority of the sum, 1 trillion won, will go to private equity funds, according to a recent announcement by the NPS, marking a 25 percent increase from the previous year. In 2023, the NPS allocated 800 billion won to private equity, with Macquarie Asset Management, IMM Private Equity and H
Value-up program: Market disappointment does not mean a failure, just yet
May 6, 2024
Both penalties, incentives missing in autonomy-based guidelines
Samsung chief returns from Europe after meeting with Pope, business leaders
May 3, 2024
Samsung Electronics Chairman Lee Jae-yong returned to Seoul on Friday after his trip to Europe, where he made a surprise visit to Vatican City to meet with Pope Francis, and met with business counterparts for cooperation. During the 10-day trip, Lee traveled to Germany, France and Italy, and checked on the company's business operations there. “The spring has come,” he told reporters without further explanation, upon his arrival at the Seoul Gimpo Business Aviation Center. He did no
KASA chief vows full support for private-led space missions
May 3, 2024
Korea’s new state space agency, the Korea AeroSpace Administration, or KASA, will focus on rearranging roles with the private sector to support companies to lead commercial space developments while the government concentrates on long-term space projects, the nominee for the top leadership position at KASA said Thursday. “So far, Korea’s space sector has been led by the government out-sourcing projects to the industry,” said Yoon Young-bin, an aerospace engineering profe
Inflation eases in April, continues ‘bumpy’ ride
May 2, 2024
Consumer price growth falls below 3 percent, rising by 2.9 percent on-year last month
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Controversy rekindled over when to name criminals, suspects
Seoul transit pass for travelers to be available starting July
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[Weekender] Pet food makers bet big on ‘recession-free’ pet food market
Hybe-Ador CEO conflict gets messier
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Battery makers ramp up efforts to diversify graphite supply chain
‘Monk’ DJ spreading Buddhism goes global
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Prosecutors to summon pastor who allegedly gave Dior bag to first lady
[LLG] Unseen inheritance: Trauma of transnational adoption 'trickles down' to adoptees' children
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N. Korea says to deploy new multiple rocket launcher starting this year
[Drama Tour] Romantic trip to ‘Queen of Tears’ filming spots
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