Korea Joongang Daily
Korea JoongAng Daily

For Korea Inc., Trump's Big Beautiful Bill is a lot of pain, some gain

U.S. President Donald Trump is set to sign the One Big Beautiful Bill Act into law — legislation that is expected to impact Korean companies with production bases in the United States, including in the automotive, solar energy and battery industries.

2025-07-04

House gives final approval to Trump's big tax bill in a milestone for his second-term agenda

House Republicans propelled President Donald Trump’s big multitrillion-dollar tax breaks and spending cuts bill to final passage Thursday in Congress, overcoming multiple setbacks to approve his signature second-term policy package.

2025-07-04

U.S. Senate pushes ahead on Trump tax cuts as nonpartisan analysis raises price tag

Senate Republicans pushed forward President Donald Trump's sweeping tax cut and spending bill on Sunday in a marathon weekend session even as a nonpartisan forecaster said it would add an estimated $3.3 trillion to the nation's debt over a decade.

2025-06-30

Senate Republicans advance Trump's tax and spending cuts bill after dramatic late-night vote

Senate Republicans, voting in a dramatic late Saturday session, narrowly cleared a key procedural step as they race to advance President Donald Trump's package of tax breaks, spending cuts and bolstered deportation funds by his July 4 deadline.

2025-06-29

Trump pushes Congress to pass his 'big beautiful bill' as debate clouds path forward

U.S. President Donald Trump urged fellow Republicans in the U.S. Senate on Tuesday to advance his sweeping tax-cut and spending bill, as party hardliners and moderates squabbled over proposed spending cuts.

2025-06-25

We're sweet enough, thanks: Nearly 6 in 10 Koreans support tax on sugary goods, survey says

With obesity and diabetes on the rise, a majority of Koreans now say it’s time to hit companies that produce sugary products where it hurts — their wallets. A new survey finds nearly six in 10 Koreans support a tax on high-sugar foods and drinks.

2025-06-24

NTS refers SK Telecom to prosecutors on tax evasion allegations

The National Tax Service (NTS) referred SK Telecom and some of its former executives to prosecutors on charges of tax evasion related to alleged fake contracts with a fellow SK Group affiliate.

2025-06-17

Korean gov't to extend fuel tax cuts, individual consumption tax breaks for passenger vehicles

The Korean government will extend fuel tax cuts through the end of August and individual consumption tax breaks for passenger vehicles through the end of the year

2025-06-16

NTS seizes $900,000 in assets from tax evaders, launches probe into 710 individuals

The National Tax Service (NTS) seized 300 million won ($220,000) in hidden assets from a tax evader who had been living in luxury while carrying around bundles of gold bars in a hiking backpack.

2025-06-10

House Republicans launch an all-nighter to try to pass Trump's big bill

House Republicans reconvened to push ahead on their multitrillion-dollar tax breaks package, with Speaker Mike Johnson defying the skeptics within his ranks and working to muscle President Donald Trump's priority bill to passage.

2025-05-22