On Nov. 11, 1988, 300 Bank of Korea (BOK) employees rushed to the headquarters of the ruling party in downtown Seoul to oppose the revision of the BOK Act. That signaled the beginning of the war between the Finance Ministry and...
Korea and the United Arab Emirates (UAE) agreed to step up cooperation in the renewable energy sector, Seoul's Finance Ministry said Tuesday.
A record budget of 555.8 trillion won ($469.8 billion) has been finalized for 2021 by the government. That is 8.5 percent more than the budget in 2020 and 2.4 percent higher than the original amount proposed in June.
Online chat rooms in which real estate is the subject of discussion are being monitored by the government, and people could end up in jail for comments made online.
Vice Minister Kim Yong-beom during a government policy meeting on Friday said several vegetable prices have gone up significantly compared to last year due to the heavy rain that has damaged farms and reduced the supply of agricultural produce.
The tax will be applied on yearly profits exceeding 50 million won ($42,000), not 20 million won as originally announced. And a part of the tax will come in a year later than originally planned.
President Moon Jae-in is arguing that a proposed expansion of the capital gains tax designed to capture more retail investors should not worry retail investors, according to the Blue House.
Korea's Ministry of Economy and Finance said Tuesday it will extend anti-dumping duties on Japanese stainless steel plates for three years.
Korea collected 46.8 trillion won ($38.8 billion) in taxes in April, down 3 trillion won from a year earlier, the finance ministry said Tuesday.