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News
Korea's Tax Agency Leaves 230 Property Tax Queries Unanswered Over a Year
2+ hour, 55+ min ago (394+ words) Requests for Interpretation Flood In as Property Tax Rules Grow Impenetrable Surge in Queries Also Strains the Tax Authority The National Tax Service operates a tax law interpretation system that allows taxpayers to request an official reading when they find…...
Hanjin Ramps Up U.K. Fulfillment Center for K-Beauty Demand
9+ hour, 6+ min ago (153+ words) Seoul Economic Daily Hanjin Transportation (002320.KS) said on the 14th that it is ramping up operations at the U.K fulfillment center it established in April, ahead of the year-end global shopping season The company plans to use the U.K site to…...
Samsung to Pay Suppliers 1.3 Trillion Won Early Before Chuseok
5+ hour, 37+ min ago (265+ words) Seoul Economic Daily Samsung Group will pay 1.3 trillion won ($936 million) in supplier invoices ahead of schedule before the Chuseok holiday, aiming to ease cash pressure on partner firms during a period of heavy spending and to support domestic consumption Thirteen…...
Tax Agency Probes Baemin Over 100 Billion Won in Unpaid Withholding Tax
6+ hour, 7+ min ago (382+ words) National Tax Service Opens Audits Into 41 Firms Tied to Living Costs Suspected Tax Evasion Totals 1 Trillion Won, With 38 Food-Related Companies Baemin Allegedly Shifted Profits to German Parent Without Withholding Tax Egg Farms Suspected of 40 Billion Won, Processed Food Firms 300 Billion…...
Korea Trade Body Chief Seeks Deeper Battery Supply Chain Ties With Michigan
6+ hour, 8+ min ago (216+ words) Whitmer Says State Ready to Develop Next-Generation Technology With Korean Firms Luncheon With Executives Held on the 14th Yoon Jin-shik, chairman of the Korea International Trade Association, asked Michigan Governor Gretchen Whitmer for continued attention and support so that Korean companies…...
Jungheung Group Pays 70 Billion Won in Cash to Subcontractors
7+ hour, 54+ min ago (274+ words) Construction Payments Made Fully in Cash Ahead of Chuseok Move Eases Wage and Material Costs for Partner Firms GWANGJU — Jungheung Group is again moving to ease the financial strain on its subcontractors, deciding to pay out 70 billion won ($50 million) in…...
Seoul Land Transaction Permit Filings Plunge 35% in August
8+ hour, 15+ min ago (344+ words) Seoul recorded 3,012 land transaction permit applications in August, down 35% in a single month Down 66% from the April peak, the lowest since the citywide designation took effect Gangnam's three districts and Yongsan fell 0.34%, while northern Seoul rose 0.61% New applications for land…...
Samsung Heavy Wins FLNG Design Approvals at Gastech 2026
13+ hour, 4+ min ago (221+ words) Company Joins Gastech 2026 in Bangkok, Thailand, From the 14th to the 17th Samsung Heavy Industries (010140.KS) is showcasing its future energy technologies, including an in-house natural gas liquefaction system, at the world's largest energy exhibition. Chief Executive Choi Sung-ahn, who serves as…...
Korea Weighs Easing Tax on Non-Occupant Single-Home Owners
8+ hour, 31+ min ago (217+ words) ■AI PRISM [Real Estate News] Deputy PM Nominee Lee Hyung-il: "Hard to Call Non-Occupancy in Rebuilt Homes Speculation" Tax Agency Moves to Refund Overpaid Comprehensive Real Estate Tax to Co-Owning Couples Sole Bidding Spreads in Yeouido and Mokdong Rebuilding Projects…...
Regional National Universities Draw Surge in Applicants on Tuition Aid
8+ hour, 31+ min ago (211+ words) ■AI PRISM [Campus News] Applications to Regional Flagship National Universities Rise 5.2% Amid Hopes for "10 Seoul National Universities" Busan to Select 10,000 Non-Capital-Region Founders With Up to 500 Million Won in Support European Automakers Reshape Supply Chains Toward Korean Parts, Away From China…...