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News
Korea's Tax Agency Leaves 230 Property Tax Queries Unanswered Over a Year
8+ hour 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
11+ hour, 12+ 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
11+ hour, 44+ 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…...
Korea Forest Service Cracks Down on Illegal Foraging Through October
11+ hour, 48+ min ago (282+ words) Korea Forest Service Launches Intensive Autumn Crackdown on Illegal Forest Activity Sept. 14 to Oct. 31, Targeting Unauthorized Harvesting of Forest Products DAEJEON — "Harvesting forest products without the landowner's consent is an illegal act that strips foresters of their livelihood." The Korea…...
Korea Warns of Airline Consumer Damage as Complaints Jump 37% a Year
12+ hour, 32+ min ago (279+ words) Complaint Growth More Than Double Rise in Travelers 7,438 Redress Requests Filed Over Past Three Years Contract Cancellation Disputes Top List at 4,341 Cases Consumer Agency, FTC Issue Alert Ahead of Chuseok Consumer complaints over airline services have risen sharply as demand…...
Land Minister Nominee Open to Housing on Yongsan Park Fringes
17+ hour, 32+ min ago (221+ words) Written Answers Submitted to Assembly Ahead of Confirmation Hearing On Greenbelt, Says Supply Should Focus on Already Damaged Areas Hong Ji-sun, the nominee for minister of land, infrastructure and transport, said the government will examine whether homes can be built…...
Jungheung Group Pays 70 Billion Won in Cash to Subcontractors
12+ hour, 59+ 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
13+ hour, 20+ 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
13+ hour, 25+ 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
13+ hour, 36+ 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…...