Corporate tax exemptions will amount to some 13 trillion won next year to account for one-fifth of all exemptions.The finance ministry’s tax expenditure budget for 2023 submitted to the National Assembly on Tuesday includes 69-point-three trillion won …
SEOUL– Lotte Confectionery Co., a major South Korean snacks and ice cream maker, said Tuesday it has signed an initial agreement with Canada’s Aspire Food Group as part of its push to tap into the emerging insect protein market.Under a memorandum of u…
SEOUL– South Korea said Tuesday it will provide humanitarian aid worth a total of US$180,000 to the Marshall Islands, Nauru and Honduras in support of their fight against the COVID-19 pandemic.The package includes $100,000 worth of medical supplies, i…
POHANG, South Korea– A fire broke out at a POSCO plant in the southeastern city of Pohang on Tuesday, but no one was hurt, officials said.The fire started at the electrical room of POSCO’s No. 2 Hot Rolling Mill at 7:17 a.m. and gutted the room before…
SEOUL– SK E&S Co., a leading South Korean liquefied natural gas provider, said Tuesday it has won a joint permit with several other global energy companies for the exploration of potential carbon dioxide storage off northwester…
SEOUL– An annual international security forum hosted by South Korea’s defense ministry kicked off in Seoul on Tuesday for discussions on North Korea’s denuclearization, cyberthreats, space security and other challenges.The three-day vice-ministerial S…
The benchmark Korea Composite Stock Price Index(KOSPI) rose six-point-34 points, or zero-point-26 percent, on Tuesday, closing the day at two-thousand-410-point-02.The tech-heavy KOSDAQ also rose, gaining eight-point-03 points, or one-point-04 percent,…
Super Typhoon Hinnamnor made landfall near South Korea’s Geoje early on Tuesday.According to the Korea Meteorological Administration, the season’s eleventh typhoon made landfall in the countryside near Geoje City in South Gyeongsang Province at 4:50 a….