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Tue, May 30, 2023 | 16:26
Tax agency probing 30 offshore tax evaders
The National Tax Service (NTS) said Wednesday that it has started an intensive investigation targeting 30 individual and corporate offshore tax evaders. The probe comes as part of its extended efforts to bring the underground economy into the open, an official said.
Economy | 2016-01-27 17:09
China game changer for global economy
Korea’s central bank said Wednesday it will closely watch any developments in China’s economy, as financial uncertainties in the neighboring country could pose a major threat to the global economy.
Economy | 2016-01-27 15:44
Shinhan to offer services for high-income expats
Shinhan Bank said Tuesday it will open a center this Friday to provide financial services tailored to high-income expats and business leaders living in Seoul.
Economy | 2016-01-26 16:36
21 Korean firms listed on DJSI for 3 years
A compact sedan made by Hyundai Motor is under testing at Hyundai Mobis’s eletromagnetic darkroom in Yongin, Gyeonggi Provinceto in this August 2015 file photo. In the electromagnetic darkroom, vehicles undergo tolerance testing of parts such as telematics, smart keys and a variety of sensors. / Courtesy of Hyundai MobisBy Choi Kyong-ae LG Group’s Twin Towers in Y...
Companies | 2016-01-21 15:44
Eximbank to support firms in Iran
The Export-Import Bank of Korea, or Eximbank, will sign a 7 trillion won ($5.8 billion) agreement with Iran’s central bank by March to help provide loans to Iranian businesses when they place orders with Korean companies.
Economy | 2016-01-20 19:05
Banks plan to enhance online services
Korea will introduce an enhanced online banking service later this year that will enable consumers to look up their accounts in 16 domestic banks, transfer money between them and close accounts, the Financial Services Commission (FSC) said Monday.
Economy | 2016-01-18 17:13
KIC expands real estate investments
The Korea Investment Corporation (KIC) has invested a combined 400 billion won ($330 million) to buy stakes in U.S. hotels as the Korean sovereign wealth fund seeks to diversify its investment portfolio, people familiar with the deal said Monday.
Economy | 2016-01-18 15:21
Korea to benefit from lifting of Iran sanctions
Korean companies are set to seize new opportunities available through the phased lifting of international economic sanctions on Iran. Government officials and experts say this will help reverse the country’s declining exports. On Sunday, the Ministry of Trade, Industry and Energy (MOTIE) officially lifted a ban on trade with Iran in nearly all sectors -- except for strategic ...
Economy | 2016-01-17 16:42
JYP may fall further on flag incident
Shares in JYP Entertainment are continuing to suffer a prolonged impact after a member of one of its girl groups waved the Taiwanese national flag on an online show in November, sparking anger among Chinese viewers, analysts said Sunday.
Economy | 2016-01-17 16:41
Stricter rules to rein in mortgages
The government will apply stricter rules for fresh household loans from February to keep any possible non-performance from hurting the economy ahead of any rate increases, the Financial Services Commission (FSC) said Wednesday.
Economy | 2016-01-14 18:56
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