Business - The Korea Times

Extended fuel tax cut adds to concerns over tax revenue shortage

The government's decision to extend a years-long tax cut on fuel for cars by an additional two months is fueling concerns over a significant shortfall in tax revenue.

Aug 21, 2024By Yi Whan-woo

Extended fuel tax cut adds to concerns over tax revenue shortage

Unsettled payments of TMON, WeMakePrice triple to $613 million

The total in delayed payments by cash-strapped TMON and WeMakePrice to their vendors has reached 818.8 billion won ($613 million) as of Monday, according to the Ministry of Economy and Finance, Wednesday. The amount is about three times higher than the 278.3 billion won that the government estimated on Aug. 1.

Aug 21, 2024By Jun Ji-hye

Unsettled payments of TMON, WeMakePrice triple to $613 million

Gig economy spreads among younger, older workers

A retired civil servant in his late 60s, Jeong Shin-mook, has been working night shifts as a security guard on weekends at an office building in Seoul for years after his retirement.

Aug 20, 2024By Yi Whan-woo

Gig economy spreads among younger, older workers

JB Financial Group supports children from multicultural backgrounds

JB Financial Group executives and employees pose with children and teenagers with multicultural backgrounds at Dada Camp, a program organized by the group with Good Neighbors to help them with career development and financial literacy. Some 140 children and teenagers participated in the two-week event that lasted until mid-August. Courtesy of JB Financial Group

Aug 20, 2024By Yoon Ja-young

JB Financial Group supports children from multicultural backgrounds

Securities firms slammed for indifference to protecting investors

Securities firms in Korea are facing criticism for their lack of attention to protecting individual investors, despite achieving strong performances in the first half of the year thanks to increased trading volume by these investors in U.S. stocks.

Aug 20, 2024By Jun Ji-hye

Securities firms slammed for indifference to protecting investors

Top sellers on online used markets earn more than $150,000 on average

Top sellers at online flea markets are earning more than 200 million won ($149,900) each per year amid steeply growing demand for used goods over persistent inflation, according to data, Monday.

Aug 19, 2024By Yi Whan-woo

Top sellers on online used markets earn more than $150,000 on average

Top businesses struggle to boost sagging birthrate

Despite government-led efforts to address Korea’s low birthrate, most domestic companies have implemented inadequate measures to support their employees with childbirth and child care, according to the Korean Peninsula Population Institute for Future, Monday.

Aug 19, 2024By Jun Ji-hye

Banking & Finance

Extended fuel tax cut adds to concerns over tax revenue shortage

Unsettled payments of TMON, WeMakePrice triple to $613 million

Gig economy spreads among younger, older workers

JB Financial Group supports children from multicultural backgrounds

Securities firms slammed for indifference to protecting investors

Top sellers on online used markets earn more than $150,000 on average

Top businesses struggle to boost sagging birthrate

Samsung outcompetes major financial groups in earnings

INTERVIEW i-Aurora CEO brings joy to K-pop fans' payment experience

Duty free industry suffers slump despite increasing international tourists

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