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Fri, September 29, 2023 | 02:58
Tax for 'sharing economy'
A sharing economy is an economy based on products and services being shared and used by several people. Specifically, it means that a person with sufficient goods, production facilities and services can rent them out to others, thus constituting shared consumption.
Why no taxation on cryptocurrency trading in Korea?
The American polymath Benjamin Franklin famously wrote: “In this world, nothing can be said to be certain, except death and taxes.” This famously paraphrased quotation refers to the fact that people cannot live without paying taxes to the state, and there is no way to evade taxes if they earn income.
For successful summit
President Park Geun-hye and Japanese Prime Minister Shinzo Abe will hold a summit Monday, as initially proposed by Seoul. It was only after this page went to the press that the two governments announced it officially, however, forcing us to quote Japanese broadcasters. That and protracted wrangling over the date and agenda indicates a fierce war-of-nerves going on between the two sides.
UN chief for President?
U.N. Secretary-General Ban Ki-moon must be the best-known Korean in the international community seen and heard frequently on global media outlets. As leader of the world's largest organization, Ban’s sincerity and humility have won him a big fan base in his homeland, too. In a recent SBS survey asking Koreans' preference for the next presidential candidate, 21.1 percent of respondents named the U.N. chief, who far outdistanced the heads of the two largest political parties here.
Grading English scores
College entrance system in Korea has changed, almost along with each administration. The incumbent administration has recently come up with its own: Starting in the 2018 academic year, the government will switch to an absolute grading system of English scores on the College Scholastic Ability Test.
Preemptive diplomacy
Tension is growing on the Korean Peninsula as the founding anniversary of the North Korean Workers' Party on Oct. 10 is approaching. Of course, regional powers are not just watching with their arms folded. The Presidents of the U.S. and China made it clear they would neither recognize North Korea as a nuclear state nor allow the North to violate the U.N. resolution that bans Pyongyang from launching another long-range rocket. President Park Geun-hye, in her address at the U.N. General Assembly, also advised against the North’s nuclear and/or missile provocation. Foreign ministers of South Ko...
Grand Hilton brings taste of Fiji to Seoul
Grand Hilton Seoul has brought the tropical feel of the Pacific island of Fiji to its guests. The Happy Island Fiji, Tropical BBQ package, a unique promotional package that emphasizes authenticity and diversity, is available until July 31.
Millennium Seoul Hilton
Venture firm offers classes on sex slavery
A venture company, Dream Maker International, welcomes students to attend their free classes on the history of Japanese military sex slavery during World War II. "We believe this is a topic that everyone in Korea should know, especially the younger generation," Lee Eui-hwan, 32, the CEO of the company, said in an interview with The Korea Times on Wednesday.
Romanian writes dictionary in honor of NK husband
Georgeta Mircioiu, an elderly woman living in the Romanian capital of Bucharest, is working on a Romanian-Korean dictionary.