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Wed, April 21, 2021 | 07:42

Eyes are on how Samsung scions will pay one of world's largest tax bills

As the due date for paying inheritance tax owed by the late Samsung Group Chairman Lee Kun-hee's bereaved family is approaching, observers are looking at how the heirs will pay one of the world's largest inheritance tax bills estimated at around 13 trillion won ($11.7 billion). Industry sources said Tuesday that Samsung Group may officially announce a payment plan for the tax, which is due by the end of this month, next week although a company official declined to reveal any details on the matter.

Buddhist monks call for leniency on jailed Samsung Vice Chairman Lee Jae-yong

Debate re-emerges on pardoning ex-presidents, Samsung chief

Finance minister 'conveyed' request to pardon Lee Jae-yong

Foreigner-owned businesses facing shutdown due to visa rule change

Many foreign business owners are facing an abrupt end to their entrepreneurial...

Lawmaker reignites debate on women's military service

A decades-long debate on mandatory military service for women has been reignit...

[INTERVIEW] Filmmaker explores enduring love stories of lifelong couples around the world

Acclaimed documentary filmmaker Jin Mo-young said he happily accepted Netflix's offer in 2017 to expand the concept of his 2014 hit docume...

Fear of 'mass shutdown' of crypto exchanges looms large in Korea

With most cryptocurrency exchanges in Korea facing “mass shutdowns,” retail investors are urged to pay closer attention to a regulation-in...

Public anger rises over car owners taking up multiple parking spaces

Public anger is rising over “thoughtless” car owners who park their vehicles taking up multiple parking ...

Farms face shortage of migrant workers due to pandemic

The country's farming communities have been struggling with labor shortages and cost increases brought on by the prolonged COVID-19 pandemic, as they are unable to hire sufficien...

Seoul, Washington 'earnestly discussing' COVID-19 vaccine swap deal: foreign ministry

South Korea is "earnestly discussing" forging a swap deal with the United States to secure COVID-19 vaccines, the South Korean foreign minister said Tuesday. Foreign Minister Chu...

Korea confirms 321 cases of emerging COVID-19 variants

Politicians slammed for violating COVID-19 gathering ban

Politicians are drawing criticism for violating the government's ban on gatherings of five or more people. The lawmakers raising eyebrows are all from the ruling Democratic Party...

TWICE to be featured on 'Kelly Clarkson Show'

K-pop girl group TWICE is set to appear on NBC's “The Kelly Clarkson Show,” according to its management company, JYP Entertainment.

SK, Hyundai strengthen partnership in electric vehicle batteries

The meeting between SK Group Chairman Chey Tae-won and Hyundai Motors Group Chairman Chung Euisun last July is starting to bear fruit, with more SK electric vehicle (EV) battery ...

Korea suffering manufacturing job exodus

A recent report shows that over 72,000 manufacturing jobs went overseas last year, a figure that could have enhanced the country's 4 percent unemployment rate by 0.3 percentage p...

Hyundai Engineering's planned IPO raises hopes for undervalued builders

The planned initial public offering (IPO) of Hyundai Engineering is raising hopes among other unlisted construction companies who could not list on the markets due to a lack of i...

Brokerages to increase stock lending for individual short sellers

The amount of stocks that individual short sellers are able to borrow is set to be expanded as part of a government measure to back retail investors, as the resumption of short-s...

Daewoo E&C shares rise on reports of merger talks

Daewoo Engineering & Construction shares closed up over 5 percent on Tuesday on news that the builder is up for sale again.

Artists show glimmer of hope for post-boomer generation

According to a verse in the “The Analects of Confucius,” 40 is the age when one is no longer swayed nor deluded by everyday temptations, and has instead established a solid found...

City of Seoul toughens rules against sexual crimes in officialdom

The city of Seoul is introducing a new rule under which officials involved in sexual crimes will be expelled immediately, Mayor Oh Se-hoon said on Tuesday. Oh made the announceme...

'Self-serving' Super League opens unprecedented conflict in European football

Plans for a Super League announced by 12 of European football's most powerful clubs plunged the game into an unprecedented crisis on Monday as the UK government threatened to inv...

'Football has to change': Euro Super League chief Perez

Moon joins Boao forum, urges multilateral cooperation with 'enhanced inclusiveness'

South Korean President Moon Jae-in proposed Tuesday that Asian countries strengthen multilateral cooperation with inclusiveness enhanced against the spread of protectionism and u...

Ukraine expels Russian diplomat in tit-for-tat move

Ukraine's foreign ministry on Monday said it had expelled a Russian diplomat after Moscow ordered a Ukrainian consul in Saint Petersburg to leave Russia, accusing him of trying t...

EU sanctions 10 Myanmar junta officials

The EU on Monday announced sanctions on 10 Myanmar junta officials and two conglomerates linked to the military over the coup and bloody crackdown on protesters in their country....

McDonald's to launch BTS meal beginning May 26

McDonald's on Monday announced it will launch a collaboration with BTS as the latest in its line of celebrity meals. The BTS Meal will be available at U.S. McDonald's locations f...

Journalists around the world discuss post-COVID era

Around 60 journalists from 50 countries met to discuss the role of journalism in the post-COVID era as well as global warming. The World Journalists Conference 2021, hosted by th...

Moderna considers establishing Korean affiliate

Moderna is considering establishing an affiliate in Korea, with the U.S.-based biotech company letting a local company handle the production of its COVID-19 vaccines, a leading l...

Nuclear experts call on Japan to nix Fukushima water release plan

A group of South Korean nuclear researchers on Tuesday called on Japan to withdraw its decision to release contaminated water from its crippled Fukushima nuclear power plant into...

Korea to make sure to participate in IAEA monitoring team for Fukushima water release: ministry

Joseon-era stone statue, stupa to become cultural heritage

The Cultural Heritage Administration will designate two structures from the 1392-1910 Joseon Dynasty as national treasures. The administration said Hanpung Pavilion in Muju, Nort...

[Korea Encounters] Frank Schofield, 'a most dangerous man' and an 'eternal Korean'

On March 1, 1919, 33 Korean patriots signed the Korean Declaration of Independence and set in motion the March First ("Samil") Independence Movement. Today, they are buried in th...

BTS member Jimin's 'unwashed' costume to go on auction

A traditional Korean garment BTS band member Jimin wore during a performance on NBC's The Tonight Show is to be sold at a South Korean auction. Myart Auction, a Seoul-based aucti...

Film festival organizers, actors express solidarity with people of Myanmar

The organizers of Korean film festivals have expressed solidarity with the people of Myanmar in their opposition to the military coup, showing support for their collective braver...

3 accused of displaying animal cruelty videos on chat room

Seongdong Police Station announced Monday that it had referred three people to the prosecution for allegedly distributing videos and photos in a members-only online chat room of ...

LG Display expanding China plant on OLED demand surge

LG Display is considering expanding its organic light-emitting diode (OLED OLED manufacturing capacity at its production line in China, according to a company official, Tuesday, ...

Former MBC producer Jung Gil-hwa takes helm at KOFICE

The Korean Foundation for International Cultural Exchange (KOFICE) has appointed former producer and professor Jung Gil-hwa as its president. The foundation, which was founded in...

Residents, delivery workers at loggerheads for weeks over ban on ground-floor parking

The value of protecting public safety is not arguable. But what if it comes at the price of forcing others to make sacrifices - physically and financially? The ongoing conflict a...

Production of Sputnik V in Korea to kick off in May

A subsidiary of South Korean bio-tech company GL Rapah will begin producing Russian COVID-19 vaccines in the country in May, with all doses bound for export, industry sources sai...

$1,500 haircut, $61,000 suit: Chinese TikTok influencers apologize for videos of lavish spending

Several Chinese TikTok celebrities have apologised for promoting the worship of money and consumption after being criticised by state media for videos depicting their extravagant...

Korea, China to jointly crack down on illegal fishing

South Korea's oceans ministry said Tuesday it plans to conduct a joint operation with its Chinese counterpart to curb illegal fishing activities in the Yellow Sea. Fisheries auth...

US warns against travel to 80% of world due to coronavirus

The State Department on Monday urged Americans reconsider any international travel they may have planned and said it would issue specific warnings not to visit roughly 80% of the...

US Senate majority leader urges swift passage of anti-hate-crimes act

Senate Majority Leader Chuck Schumer on Monday called for the swift passage of a bill aimed at curbing COVID-19-related hate crimes targeting Asian-American communities, insistin...

Video

Miss Korea, now & then: Meet Korea's beauty icons of '70, '07, '18

Migrant workers living in dire conditi...

'Will Biden make 'unhealthy America' g...

Myanmar teen shot in head during polic...

Meet Korea's disabled but extremely ta...

Auto

Hyundai Motor Group unveils EVs at Shanghai Motor Show

Chip constraints create domino effect in Korea's auto industry

What options are left for SsangYong Motor under court receivership?

Korea to boost spending on R&D for next-generation cars

SK Innovation joins hands with Hyundai Motor to develop batteries

Tesla's sales nearly quadruple in Korea last year

Chip industry welcomes Korean version of 'CHIPS for America Act'

Korean users plan to sue Facebook over leaked user data

Hyundai names ex-Naver CTO as mobility biz head

SK Telecom launches 5G-based disinfection robot

Amid chip shortage, businesses seek pardon for Samsung chief

Founder of Adobe and developer of PDFs dies at age 81

Finance

Korea to strengthen monitoring of cryptocurrencies

KOSPI closes at new high

Lotte Card, Montblanc ink partnership

Citibank Korea to escalate feud with union in exit strategy

Banks to extend loans worth $3.1 billion to vulnerable people this year

Residents' foreign currency deposits rise for 2nd month in March amid brisk exports

Entertainment

SHINee's Taemin to join military next month

DJ DOC Lee Ha-neul blames bandmate Kim Chang-yeol for his brother's death

Five millennial pianists to present Beethoven piano concertos

Ex-K-pop star breaks silence on group's bullying; agency continues to threaten legal action

KOFIC's secretary general facing fresh allegations over misappropriating taxpayers' money

Grandmother featured in 2002 hit family drama 'The Way Home' dies at 95

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Editorial

Need for regulation

The Moon Jae-in government has decided to crack down on any illegalities relat...

Manufacturing job losses

About 72,000 manufacturing jobs in Korea migrated abroad last year, according ...

Columns

New policy approach for nuke-armed North Korea

The North Korea nuclear threat has been the most serious challenge to the South Kor...

In tribute to 'harabeoji'

This past week, Prince Phillip of the United Kingdom passed away. Even though I'm a...

Thoughts of the Times

The township of Samguk Yusa-myeon, Gunwi County

I visited the small, ancient Ingak Temple on my last trip to Gunwi County in North ...

North Korea's largest youth group to hold first congress in 5 years ...

South Korea seeking to toughen regulations on internet-based exchang...

International human rights groups urge Biden to highlight rights iss...

North Korea's Kim visits family tomb to pay tribute to grandfather

North Korea slams Japan over decision to release contaminated Fukush...

US lawmakers express concerns over South Korea's anti-Pyongyang leaf...

South Korean Embassy in Indonesia shuts down temporarily over virus ...

Reports: UK to toughen climate target before Biden summit

South Korea considering various 'vaccine swap' options with US

[Korea Encounters] Frank Schofield, 'a most dangerous man' and an 'e...

Journalists around the world discuss post-COVID era

Farms face shortage of migrant workers due to pandemic

State oil firm falls into complete capital erosion

LG Display expanding China plant on OLED demand surge

SK, Hyundai strengthen partnership in electric vehicle batteries

Eyes are on how Samsung scions will pay one of world's largest tax b...

Moderna considers establishing Korean affiliate

Hyundai Engineering's planned IPO raises hopes for undervalued build...

Number of Korean stay-at-home fathers hits new high in March

Buddhist monks call for leniency on jailed Samsung Vice Chairman Lee...

Joseon-era stone statue, stupa to become cultural heritage

Former MBC producer Jung Gil-hwa takes helm at KOFICE

Artists show glimmer of hope for post-boomer generation

Trucker saddened by tragic fate of bird he cared for

History of oranges in Korea may be bit too tangy for locals

A home of one's own

Ruling or fleeing North Korea's hell

The end of capitalism?

Profits amid a famine

Walking in the Footsteps of the Past: Mount Gyeryong - “Chicken Drag...

Extinct fuels

Need for regulation

Manufacturing job losses

New policy approach for nuke-armed North Korea

The Macron factor

The township of Samguk Yusa-myeon, Gunwi County

'Football has to change': Euro Super League chief Perez

'Self-serving' Super League opens unprecedented conflict in European...

Daegu FC player of K League 1 tests positive for coronavirus

Lydia Ko snaps title drought with dominant Lotte Championship win

Olympic President Bach to visit Japan in May, meet PM Suga: media

100-meter champ Coleman to miss Olympics despite reduced ban

Laschet wins battle to lead Merkel's bloc in German election

Cuba gets new leader as last Castro officially retires

$1,500 haircut, $61,000 suit: Chinese TikTok influencers apologize f...

Ukraine expels Russian diplomat in tit-for-tat move

EU sanctions 10 Myanmar junta officials

US warns against travel to 80% of world due to coronavirus

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Masthead : The Korea Times
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