Dallas-based Lone Star Funds has been awarded $216.5 million in an arbitration with the Korea government over losses it incurred when it sought to sell a stake in Korea Exchange Bank (KEB).
The legislature plans to raise an exemption on capital gains tax for real estate sales and suspend a tax on profits from virtual assets including bitcoin for a year.
The ruling Democratic Party (DP) has made a fuss about Korea’s property taxation system and real estate rules by replacing the head of a special committee on real estate, but came to produce little. The committee only agreed to...
As investors flock to bitcoin, boosting the value of the cryptocurrency to an all-time record, financial regulators say they will change regulations to fine cryptocurrency exchanges that do not actively take action against illegal activities.
The government wants cigarette prices, which are currently between 4,500 won ($4.02) and 5,000 won a pack, to reach the level of OECD countries by 2030 to improve the general public’s health.
Foreigners living in Korea may soon be eligible to receive tax credits on housing rent and loans under new legislation that passed the National Assembly's Strategy and Finance Committee on Monday.
Finance Minister Hong Nam-ki said he will continue to work as the nation’s chief economic policymaker while stressing that his offer to resign was sincere.
Analysts are starting to crunch the numbers on the estate of Lee Kun-hee to see what’s what and whether his passing will be of significance to Korea’s largest company, Samsung Electronics.
Foreign owners of domestic property are on the radar of the National Tax Service (NTS), which is looking for those who have underreported rental income. Between 2017 and May this year, foreigners have purchased apartments valued 7.67 trillion won.
The findings by the Citizens’ Coalition for Economic Justice show apartment prices in Seoul have jumped more than 50 percent over the past three years under President Moon Jae-in. The news is frustrating. Simply put, a 600...
Korea JoongAng Daily Sitemap