The Korean government is set to expand corporate tax incentives to attract investment for facilities and research and development (R&D) in a bid to vitalize the domestic economy as high interest rates restrict corporate investment.
Korea's Ministry of Economy and Finance unveiled the four "pillars" of its economic policy for 2024 including economic recovery, risk management, a dynamic economy and supporting future generations.
The previous Moon administration in South Korea allegedly manipulated government statistics, particularly for housing and economic data, according to the Board of Audit and Inspection.
As old warnings about the dangers of holding the World Scout Jamboree at Saemangeum come to light, the failure of the event's organizers to heed them have put them under immense scrutiny.
The government has outlined its economic policy direction under the slogan of spurring growth through the private-sector and market.
Second-generation owners raised concerns they might have to give up their company entirely if they fail to meet the government’s requirements to receive tax benefits and will have to pay up to 50 percent of inherited assets as taxes.
In the late ‘90s, Life magazine chose Johannes Gutenberg’s metal movable-type printing press as the greatest invention of the past millennium, bringing the 15th-century German craftsman into the limelight. Korea’s metal...
Only 0.2 percent of the free money was returned despite pleas from the administration for people who don't really need the relief cash to give it back. It seems that the message from President Moon Jae-in and some lawmakers did not get through.
The Minimum Wage Commission meets in Sejong, Thursday, for the initial meeting to decide on next year's minimum wage. A transparent wall was put up between participants to prevent infections.
Korea JoongAng Daily Sitemap