Multiple Kakao subsidiaries, including Kakao Entertainment and Kakao Games, are currently under investigation by the National Tax Service (NTS), according to industry sources Thursday.
A person looks at a bill for the comprehensive real estate holding tax on Monday, which was sent starting the same day.
It is the first time more than 1 million people have been charged the tax. If the Democratic Party had worked with the government to adjust the tax, about 100,000 taxpayers would have been exempted, according to President Yoon Suk-yeol's office.
The amount of tax collected from stock transactions halved on-year in August, data showed Thursday, as the bearish market weighed down retail investors' appetite for local shares.
Finance Minister Choo Kyung-ho is concerned about 2023 growth as he remains generally sanguine and doesn't anticipated stagflation or a repeat of the 1997 crisis.
A son failed to report the death of his father overseas and continued to collect rents on properties owned by the parent.
Korean Industry Minister Lee Chang-yang departed for Washington on Tuesday for talks with U.S. officials on ways to minimize impacts on Korea by new U.S. bills on tax incentives for electric vehicles and investment in semiconductors, his office said.
Sales of Google, Apple and other foreign tech giants in Korea rose more than six times in 2021 from five years earlier to flirt with 4 trillion won ($2.9 billion), data showed Tuesday.
Profit generated from the trading of fractional shares will not be taxed, according to the finance ministry.
As a presidential candidate of the DP, Lee Jae-myung vowed to ease the stringent comprehensive property ownership tax. If the DP under Lee’s leadership could not reach a reasonable agreement, you can hardly expect cooperation from the party.