Inheritance and Gift Tax Act

South Korea's oil refining margin, a key indicator of refiners' profitability, dropped below $20 over the past month amid global recession fears. Ho...

Two listed oil refining companies in South Korea saw a combined 1.6 trillion won ($1.2 billion) wiped off their market cap on Wednesday, after the m...

Hyundai Motor Group is expected to receive about $1.6 billion in incentives including tax breaks from Georgia as South Korea’s top automaker i...

One after another, South Korea’s household name conglomerates are establishing corporate venture capital (CVC) firms under their holding compa...

Jobis & Villains, the operator of artificial intelligence-powered accounting platform 3.3, is resolute about its mission to help gig economy wor...

Samsung Group family is set to sell a 3.9% stake in Samsung SDS Co. worth 390 billion won ($319.5 million) through a block deal. The seller is one o...

Former prosecutor general Yoon Suk-yeol on Wednesday was elected South Korea's next president, pledging drastic deregulation and investor-friendly m...

The South Korean won currency tumbled to its lowest point in almost two years on Friday, adding to inflationary pressure in Asia’s fourth-larg...

Hanwha Solutions Corp. shares are rebounding after a two months-long slide. The bounce back comes on the back of expectations that its operating pro...

South Korea’s retail investors on Tuesday dumped 3.16 trillion won ($2.7 billion) worth of shares on the country’s two main stock market...

The world’s No. 1 boy band BTS became the first Asian act to take the prize for artist of the year at the American Music Awards, one of the to...

Representatives of South Korean auto parts makers on Friday called on the government to increase their financial support of the sector, including ta...

When SM Group, formerly known as Samla Midas Group, took over assets of bankrupt Hanjin Shipping Co., for 37 billion won ($32 million) at the end of...

The heavy inheritance tax burden in South Korea is pushing the heirs of the late Samsung Group Chairman Lee Kun-hee to sell about 2.2 trillion won (...

South Korea’s chipmaking giants Samsung Electronics Co. and SK Hynix are set to pay hundreds of millions of dollars in corporate taxes to fore...

Seoul office building prices rose at their strongest rate in 10 years in the second quarter of this year, driven by domestic investors as the Seoul ...

The son of a South Korean manufacturing company's owner, with a Ph.D degree in engineering, has refused to take over his father's business and inste...

Korea’s low-cost carriers (LCCs) are projected to post another period of financial loss in the second quarter of 2021.According to analyst est...

Actress Youn Yuh-jung has made history by becoming the first Korean actor to win an Oscar at the Academy Awards, held in Los Angeles Sunday night.&n...

South Korean banks are queuing up to extend credit to Samsung Group's de-facto leader Jay Y. Lee and his family who are due to pay over 2 trillion w...

The late Samsung Chairman Lee Kun-hee’s lavish art collection is driving South Korea’s art circle to pressure lawmakers to amend the cou...

Samsung Electronics Co. is seeking tax breaks of $805.5 million from the US state of Texas in return for a new $17 billion chip plant, which the Sou...

The Samsung Group heirs, including Samsung Electronics Co.'s de facto leader Jay Y. Lee, may be looking at a record-high $9.9 billion inheritance ...

Imported car sales in South Korea are on track to post a record high this year, benefiting from consumption tax cuts aimed at stimulating personal s...

South Korea should raise its tax on diesel to match the price of gasoline and phase out internal combustion engine cars by 2035 to tackle air pollutio...

The three children and the wife of Samsung Group Chairman Lee Kun-hee, who died on Oct. 25 at the age of 78, is expected to face inheritance taxes of ...

National Pension Service’s (NPS) investment strategy head Soo-Cheol Lee has assumed the role of acting chief investment officer of the $561 billion pe...

National Pension Service’s acting chief investment officer In-Sik Cho tendered a resignation on July 4, according to an NPS source, which may leave fo...

The National Pension Service (NPS) has begun running an emergency inspection system for its investment management department with the appointment of...