Finance ministry stresses need to reduce maximum corporate tax rate

A total of 103 companies, a mere 0.01% of the total number of corporations in South Korea, are paying more than 40% of the country’s total cor...
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A total of 103 companies, a mere 0.01% of the total number of corporations in South Korea, are paying more than 40% of the country’s total cor...
State-run Korea Development Bank (KDB) has contacted major conglomerates including Hyundai Motor Group about the sale of its stake in HMM Co., the c...
The South Korean government announced on Monday that it will build the world’s sixth inland base in the Antarctic by 2030. The Ministry o...
Lotte Group will replace the head of its construction unit, hit by a liquidity crisis stemming from project financing, to ease investor concerns ove...
Kia Corp. has seen record-high auto sales in the UK thanks to having the highest brand satisfaction among British dealers.Industry sources on Monday...
South Korea’s smartphone market is notoriously hard for foreign mobile phone makers to crack. So hard that some people call it the “grav...
As restrictions to traveling across national borders loosen, the number of international travelers to both South Korea and Japan have been on the ri...
South Korean biopharmaceutical company Celltrion Inc. announced Friday that it won its first trial against New York-based biotech giant Regeneron Ph...
Hyundai Motor Co.'s G90, a flagship sedan under the South Korean automaker’s premium sub-brand Genesis, has been named the 2023 Car of the Yea...
LIG Nex1 Co., a leading South Korean defense company, is expected to see record earnings this year on strong missile exports, helping its shares sur...
Six leading economic organizations in South Korea have sent a joint letter to the US government and Congress requesting revision of the US Inflation...
Mohammed bin Salman, the crown prince and prime minister of Saudi Arabia, flew into Seoul on Thursday and clinched $30 billion in bilateral deals wi...
South Korean construction company DL E&C has landed its first contract to build a petrochemical plant in the US.The company on Thursday said it ...
Samyang Group, a diversified conglomerate, has long focused on the chemicals and foodstuffs sectors. While adding to its existing chemicals bus...
South Korea's budget carrier T'way Air on Wednesday said it will resume from Nov. 28 its flight linking Incheon and Chiang Mai, Thailand, with seven...
Hyundai Glovis Co., the logistics unit of South Korea’s Hyundai Motor Group, said on Wednesday it has signed an initial agreement with Malaysi...
South Korea and the US are looking to create a green cargo shipping corridor linking the port of Busan with the ports of Seattle and Tacoma as part ...
South Korea’s Iljin Display Co. has suspended procedures of selling its 43.19% stake with management rights, the junior bourse Kosdaq-listed d...
The global semiconductor industry has been plagued by a chip shortage for a couple of years with automakers and other manufacturers struggling to se...
The South Korean producer of famous animated series such as Miniforce aims to become Asia’s top children's platform by way of an initial publi...
The British antitrust watchdog raised concerns over the impact on competition of the proposed merger between South Korea’s two largest carrier...
South Korea's tourism platform Yanolja is expanding its overseas air and travel operations.Yanolja Cloud, an artificial intelligence-based software ...
Rhee Chang-yong could be excused for never wanting to hear the word 'Legoland' again.The Bank of Korea governor spent the first six months of his tenu...
S-Oil Corp., the South Korean unit of Saudi Arabian Oil Co., will approve the much-touted 8 trillion won ($6 billion) Shaheen project to expand its ...
South Korean companies are at risk of credit rating downgrades as the fallout of a debt default by the domestic developer of a Legoland theme park r...
South Korea’s fabless memory semiconductor design house Netsol announced on Friday that it developed the country’s first STT-MRAM, a nex...
South Korea’s largest container line HMM Co. has seen its shares trapped in a boxed range for a protracted period despite its spectacular earn...
Korea Electric Power Corp. (KEPCO), the state-run utility, is set to suffer a record operating loss this year with a shortfall mounting to the secon...
South Korea's major power plant builder Doosan Enerbility Co. said on Thursday it has clinched a 1.6 trillion won ($1.2 billion) deal to become a co...
South Korean outdoor clothing retailer F&F Co. is expected to post 1.1 trillion won ($807 million) in sales revenue in China this year, emerging...
Finance ministry stresses need to reduce maximum corporate tax rate
A total of 103 companies, a mere 0.01% of the total number of corporations in South Korea, are paying more than 40% of the country’s total cor...
Nov 22, 2022 (Gmt+09:00)
KDB reaches out to Hyundai, POSCO, CJ, LX on HMM stake sale
State-run Korea Development Bank (KDB) has contacted major conglomerates including Hyundai Motor Group about the sale of its stake in HMM Co., the c...
Nov 22, 2022 (Gmt+09:00)
South Korea aims to build world’s 6th inland base in the Antarctic
The South Korean government announced on Monday that it will build the world’s sixth inland base in the Antarctic by 2030. The Ministry o...
Nov 22, 2022 (Gmt+09:00)
Lotte to replace construction unit CEO due to liquidity crisis
Lotte Group will replace the head of its construction unit, hit by a liquidity crisis stemming from project financing, to ease investor concerns ove...
Nov 22, 2022 (Gmt+09:00)
S. Korea's Kia 1st among UK car dealers for brand satisfaction
Kia Corp. has seen record-high auto sales in the UK thanks to having the highest brand satisfaction among British dealers.Industry sources on Monday...
Nov 21, 2022 (Gmt+09:00)
Vertu, Motorola, Xiaomi eye Korean smartphone market as LG exits
South Korea’s smartphone market is notoriously hard for foreign mobile phone makers to crack. So hard that some people call it the “grav...
Nov 18, 2022 (Gmt+09:00)
Number of tourists to S.Korea, Japan surge on eased visa restrictions
As restrictions to traveling across national borders loosen, the number of international travelers to both South Korea and Japan have been on the ri...
Nov 18, 2022 (Gmt+09:00)
Celltrion wins trial against Regeneron for US patent lawsuit over biosimilar
South Korean biopharmaceutical company Celltrion Inc. announced Friday that it won its first trial against New York-based biotech giant Regeneron Ph...
Nov 18, 2022 (Gmt+09:00)
Hyundai’s Genesis G90 named MotorTrend’s 2023 Car of the Year
Hyundai Motor Co.'s G90, a flagship sedan under the South Korean automaker’s premium sub-brand Genesis, has been named the 2023 Car of the Yea...
Nov 18, 2022 (Gmt+09:00)
Korea LIG Nex1 to enjoy record earnings on missile exports
LIG Nex1 Co., a leading South Korean defense company, is expected to see record earnings this year on strong missile exports, helping its shares sur...
Nov 18, 2022 (Gmt+09:00)
South Korea's economic bodies urge revision of US Inflation Reduction Act
Six leading economic organizations in South Korea have sent a joint letter to the US government and Congress requesting revision of the US Inflation...
Nov 18, 2022 (Gmt+09:00)
Saudi prince’s Seoul trip brings $30 billion in business deals
Mohammed bin Salman, the crown prince and prime minister of Saudi Arabia, flew into Seoul on Thursday and clinched $30 billion in bilateral deals wi...
Nov 17, 2022 (Gmt+09:00)
South Korea's DL E&C wins 1st petrochemical plant order in US
South Korean construction company DL E&C has landed its first contract to build a petrochemical plant in the US.The company on Thursday said it ...
Nov 17, 2022 (Gmt+09:00)
Samyang transitions to white biotech with S.Korea’s first isosorbide plant
Samyang Group, a diversified conglomerate, has long focused on the chemicals and foodstuffs sectors. While adding to its existing chemicals bus...
Nov 17, 2022 (Gmt+09:00)
S. Korea's T'way Air to resume Incheon-Chiang Mai route
South Korea's budget carrier T'way Air on Wednesday said it will resume from Nov. 28 its flight linking Incheon and Chiang Mai, Thailand, with seven...
Nov 17, 2022 (Gmt+09:00)
Hyundai Glovis, Malaysia’s Lion Group to enter ASEAN logistics market
Hyundai Glovis Co., the logistics unit of South Korea’s Hyundai Motor Group, said on Wednesday it has signed an initial agreement with Malaysi...
Nov 16, 2022 (Gmt+09:00)
Korea, US to work on Busan-Seattle green cargo shipping corridor
South Korea and the US are looking to create a green cargo shipping corridor linking the port of Busan with the ports of Seattle and Tacoma as part ...
Nov 16, 2022 (Gmt+09:00)
S.Korea's Iljin Group halts sale of its display maker
South Korea’s Iljin Display Co. has suspended procedures of selling its 43.19% stake with management rights, the junior bourse Kosdaq-listed d...
Nov 16, 2022 (Gmt+09:00)
Fast-shrinking chip lead time clouds semiconductor industry’s future
The global semiconductor industry has been plagued by a chip shortage for a couple of years with automakers and other manufacturers struggling to se...
Nov 15, 2022 (Gmt+09:00)
Miniforce producer aims to become Asia's top children's platform with IPO
The South Korean producer of famous animated series such as Miniforce aims to become Asia’s top children's platform by way of an initial publi...
Nov 15, 2022 (Gmt+09:00)
UK regulator flags concerns over Korean Air-Asiana merger
The British antitrust watchdog raised concerns over the impact on competition of the proposed merger between South Korea’s two largest carrier...
Nov 15, 2022 (Gmt+09:00)
Yanolja to expand overseas business with global partner
South Korea's tourism platform Yanolja is expanding its overseas air and travel operations.Yanolja Cloud, an artificial intelligence-based software ...
Nov 15, 2022 (Gmt+09:00)
Why the global economy needs BOK’s Rhee to stand firm
Rhee Chang-yong could be excused for never wanting to hear the word 'Legoland' again.The Bank of Korea governor spent the first six months of his tenu...
Nov 15, 2022 (Gmt+09:00)
S-Oil to OK $6 billion Shaheen project as Saudi prince heads to Seoul
S-Oil Corp., the South Korean unit of Saudi Arabian Oil Co., will approve the much-touted 8 trillion won ($6 billion) Shaheen project to expand its ...
Nov 14, 2022 (Gmt+09:00)
Korean firms at risk of credit rating downgrade on Legoland woes
South Korean companies are at risk of credit rating downgrades as the fallout of a debt default by the domestic developer of a Legoland theme park r...
Nov 13, 2022 (Gmt+09:00)
Chipmaker Netsol unveils first STT-MRAM in South Korea
South Korea’s fabless memory semiconductor design house Netsol announced on Friday that it developed the country’s first STT-MRAM, a nex...
Nov 11, 2022 (Gmt+09:00)
HMM’s shares undervalued despite $12.5 billion in cashable assets
South Korea’s largest container line HMM Co. has seen its shares trapped in a boxed range for a protracted period despite its spectacular earn...
Nov 11, 2022 (Gmt+09:00)
KEPCO to see record loss 2022 on slower power tariff hikes
Korea Electric Power Corp. (KEPCO), the state-run utility, is set to suffer a record operating loss this year with a shortfall mounting to the secon...
Nov 11, 2022 (Gmt+09:00)
Doosan Enerbility signs $1.2 billion deal to build nuclear plant in Egypt
South Korea's major power plant builder Doosan Enerbility Co. said on Thursday it has clinched a 1.6 trillion won ($1.2 billion) deal to become a co...
Nov 10, 2022 (Gmt+09:00)
Korean retail brand F&F’s Chinese sales seen above $800 million
South Korean outdoor clothing retailer F&F Co. is expected to post 1.1 trillion won ($807 million) in sales revenue in China this year, emerging...
Nov 10, 2022 (Gmt+09:00)