According to the Finance Ministry on Thursday, through November, the government collected 323.4 trillion won in taxes. It had originally forecast 314.3 trillion in taxes for all of 2021.
In May 2020, I interviewed Rhee Chang-yong, director of the Asia and Pacific Department at the International Monetary Fund (IMF). Based on the interview, I wrote an article about the IMF issuing a warning about Korea’s resort to...
People shop for beer at a discount mart in Seoul on Thursday. According to the Ministry of Economy and Finance, a 855.2 won (71 cent) tax will be levied per one liter of beer starting from April 1, up 20.8 won, or by 2.5 percent, from last year.
Individual investors dumped stocks in record amounts Tuesday to avoid the capital gains tax.
Cryptocurrencies inherited or received as gifts will be taxed based on their average daily value over the two months preceding the transfer, the National Tax Service said.
Yoon Suk-yeol, the presidential nominee of the main opposition People Power Party (PPP), said Saturday he will fix the country's tax system to stabilize the housing market.
A prominent domestic think tank has been hit with a total real estate tax bill of 2.7 billion won ($2.3 million) this year, raising serious questions about its fiscal viability and broader questions about its management.
According to the Ministry of Economy and Finance on Thursday, in the year through the end of October, collections totaled 307.4 trillion won ($261.5 billion), up 21 percent on year.
Korea said Monday it seeks the early implementation of a legislative amendment that will raise the tax exemption limit for capital gains of property sales for single-home owners in a bid to help stabilize the housing market.
Holding forth at the Kukje Gallery café in central Seoul, Cedric O deconstructs what he describes as a grave threat to democracy. We cannot allow the tech monopolies and oligopolies to maintain control over commerce and information, France's ...