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News
Korea's Tax Agency Leaves 230 Property Tax Queries Unanswered Over a Year
1+ hour, 52+ 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…...
Tax Agency Probes Baemin Over 100 Billion Won in Unpaid Withholding Tax
5+ hour, 4+ 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…...
Oracle's Ellison Scraps Plan to Sell 50 Million Shares After One Day
5+ hour, 35+ min ago (201+ words) Sale Plan Adopted in June, Filed With Regulators on the 11th Stock Rebounded Sharply, Fueling Hopes of Further Gains AI Boom Lifted Backlog and Briefly Put Him Ahead of Musk Oracle Chairman Larry Ellison has scrapped a plan to sell company…...
Seoul Land Transaction Permit Filings Plunge 35% in August
7+ hour, 12+ 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…...
Chey Tae-won Warns AI Boom Could Fizzle Without Returns
7+ hour, 16+ min ago (342+ words) ■AI PRISM [Global News] Chey Tae-won: AI Must Reach a Point Where It Earns Enough to Fund Its Own Investment Fed, BOJ Both Decide Rates This Week Confusion Over Funding for Trump's $5,000 Dividend ■ Super week for rates: The U.S....
Korea Weighs Easing Tax on Non-Occupant Single-Home Owners
7+ hour, 28+ 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…...
Coupang Brings Private-Label Brands Together at Seongsu Festival
12+ hour, 18+ min ago (237+ words) CPLB's First Offline Festival Since Its Founding Hands-On Programs Expanded, 120 Small Manufacturers Join CPLB, Coupang's private-label subsidiary, said on the 14th that it will hold the Coupang Only Festa from Sept. 17 to 20 at Anderson C in Seongsu-dong, Seongdong-gu, Seoul. It is…...
Shinhan Asset Management Joins Canton Blockchain as Super Validator
7+ hour, 36+ min ago (319+ words) Firm to Verify Transactions and Take Part in Key Policy Decisions Focus on Technology Testing Until Tokenized Securities Rules Are Set Shinhan Asset Management will serve as an operating institution on the Canton Network, a blockchain platform built for global…...
Food and Labor Costs Eat Up 71.6% of Korean Restaurant Sales
8+ hour, 8+ min ago (248+ words) Restaurants in South Korea are keeping less of what they earn, with food and labor costs exceeding 70% of sales for the first time last year. Costs are climbing faster than revenue, squeezing already thin margins across the industry. Food Costs…...
Busan to Cover 80% of Delivery Riders' Injury Insurance Premiums
14+ hour, 33+ min ago (341+ words) Up to 200,000 Won for About 4,000 Workers City Aims to Ease Burden Amid High Fuel and Living Costs BUSAN — The Busan city government will cover 80% of the industrial accident insurance premiums that platform workers such as delivery riders and substitute drivers…...