Korea's tax revenue for January and February totaled 58 trillion won ($42.99 billion), up 7 percent from the previous year, according to the Ministry of Economy and Finance Friday.
CJ Olive Young's revenue surpassed that of Amorepacific and LG Household & Health Care for the first time, reaching 3.86 trillion won in 2023.
Korea posted 45.9 trillion won in taxes collected in January, while expenditures came to 55.9 trillion won.
The Ministry of Economy and Finance of is receiving flak for rolling out tax policies that are being called “populist” measures aimed to appeal to voters ahead of the April 10 general elections while failing to address the big leaks. This comes as...
Coupang, the U.S.-listed Korean e-commerce giant, reported its first-ever annual operating profit of $473 million in 2023, according to its earnings release published Wednesday.
The financial watchdog determined that the Kakao subsidiary overestimated its revenue, advising the company to dump its CEO.
Korean Air and Asiana Airlines both achieved record revenue in 2023 due to increased demand from international passengers but saw profitability decline.
We must go back to Manago’s advice to Korean bureaucrats to take action before it’s too late.
HD Hyundai reported a 40 percent year-on-year decline in its operating profit for 2023 to 2.03 trillion won ($1.5 billion), attributed to the weak performance of its oil refining sector impacted by oil prices and a decline in refining margins.
Korea’s national tax revenue fell 15 percent on-year in 2023, largely due to a decline in income and corporate taxes amid weak economic activities.
Korea JoongAng Daily Sitemap