Hyundai Motor and its smaller affiliate Kia said Wednesday their combined vehicle sales in the United States rose 6.4 percent in May from a year earlier, although growth slowed compared with the previous month amid ongoing tariff concerns.
Incoming U.S. President Donald Trump said Tuesday he will create a new government body tasked with collecting tariffs, as U.S. allies and partners are looking to navigate through Trump's plans to introduce new tariffs on foreign goods.
The government must come up with more workable and sustainable fiscal visions while upholding conservative government spending and tax scheme.
Korean Air reported a 5 percent on-year increase in first quarter operating profit due to recovery in passenger traffic and robust cargo demand but still underperformed market expectations.
Coupang posted net loss for the first quarter of 2024 as its profits eroded, partially due to intensifying competition with Chinese competitors like AliExpress and Temu.
Korea's tax revenue for January and February totaled 58 trillion won ($42.99 billion), up 7 percent from the previous year, according to the Ministry of Economy and Finance Friday.
CJ Olive Young's revenue surpassed that of Amorepacific and LG Household & Health Care for the first time, reaching 3.86 trillion won in 2023.
Korea posted 45.9 trillion won in taxes collected in January, while expenditures came to 55.9 trillion won.
The Ministry of Economy and Finance of is receiving flak for rolling out tax policies that are being called “populist” measures aimed to appeal to voters ahead of the April 10 general elections while failing to address the big leaks. This comes as...
Coupang, the U.S.-listed Korean e-commerce giant, reported its first-ever annual operating profit of $473 million in 2023, according to its earnings release published Wednesday.
Korea JoongAng Daily Sitemap
