Exports rose by nearly 30 percent on-year in the first ten days of November. According to tentative data from the Korea Customs Service on Thursday, the country’s outbound shipments stood at 18-point-three billion U.S. dollars in the cited period, up 2…
Ruling Democratic Party(DP) presidential candidate Lee Jae-myung pledged to offer a one-year grace period until 2023 on imposing taxes on income derived from virtual assets and to significantly raise the deductible limit.On his social media on Thursday…
The government has temporarily set tariffs on imported urea and urea water solution for industrial use at zero percent. Officials held an unscheduled Cabinet meeting Thursday morning and passed a revised executive order to slash tariffs on urea and ure…
President Moon Jae-in has appointed former head of the Korean Intellectual Property Office(KIPO) Park Won-joo the new senior presidential economic secretary.The top office made the announcement Thursday, expressing hope that Park will make prompt adjus…
The top court has upheld the sentences for Moon Hyung-wook and Kang Hun, both convicted for their roles in a sex trafficking ring known as Nth Room, a case that shocked the nation.The Supreme Court on Thursday dismissed both Moon and Hun’s appeals, fin…
South Korea may not yet be ready to begin the second phase of a three-part transition in its “living with COVID-19” system.Commissioner Jeong Eun-kyeong of the Korea Disease Control and Prevention Agency, said on Thursday that the nation may have to ex…
A senior U.S. diplomat will meet with high-ranking South Korean officials on Thursday in Seoul. U.S. Assistant Secretary of State for East Asian and Pacific Affairs Daniel Kritenbrink arrived on Wednesday after a four-day trip to Japan. He will meet …
Beijing’s top diplomatic envoy says that his country takes the shortage of urea water solution in South Korea seriously and will work together with Seoul to address the issue. Chinese Ambassador to South Korea Xing Haiming made the remark during his me…