Korea Joongang Daily
Korea JoongAng Daily

The right direction, but discretion is needed

Rationalizing taxes to better reflect current conditions will help the economy as well as people.

2024-06-17

K-content frenzy drives IP rights trade to record surplus

Korea's trade balance in intellectual property rights posted a surplus of $180 million in 2023 on the back of the growing popularity of K-pop and K-content.

2024-03-20

FSS warns $1.85B overseas property investments face delinquency risks

The financial watchdog issued a warning over real estate investments abroad on the back of a slowing property market and a persistently high interest rate.

2024-02-22

Two-track approach is needed for cultural assets

I hope the latest development builds momentum to take a new approach to bringing back our cultural properties overseas.

2024-02-18

FSS intensifies probe into real estate financing as credit risks loom

Korea’s financial watchdog is strengthening its probe into companies connected to real estate project financing (PF) loans to address credit risks.

2024-01-29

FSS issues warning to firms behind struggling real estate projects

Financial regulators have urged financial companies to sell unprofitable property projects and to increase provisioning to prepare for any risks amid concerns about project finance debt.

2024-01-24

'Every penny counts': Home-buyers are ditching realtors to save on fees

Koreans are increasingly opting for direct real estate transactions through online marketplaces, bypassing traditional realtors, in order to save on commission fees.

2024-01-24

Bags of trouble

The Korea Customs Service seized 142,930 knockoffs in November, of which 25 products that directly make contact with skin were found to contain heavy metals such as lead and cadmium in amounts above the safe level, according to the agency on Tuesday.

2024-01-23

BTS asks military community app to stop using BTS, its members' names

BTS's agency HYBE asked The Camp, an app used to send letters to those serving in the military, to stop using the band members' names and pictures without consent.

2024-01-11

Yoon calls for abolishing punitive tax on multiple-property owners

President Yoon Suk Yeol called for abolishing punitive tax levied on homeowners with multiple properties on Wednesday, marking the latest in a string of tax relaxations for property owners.

2024-01-10