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News
Japan's Expansionary Fiscal Policy Backfires: Next Year's Debt Servicing Costs to Surge 17%
5+ hour, 34+ min ago (637+ words) The Japanese government, burdened by one of the highest levels of national debt in the world, is projected to see its debt servicing costs—principal and interest payments—skyrocket to a record high next year amid an expansionary fiscal stance…...
Japan Considers Exempting Inheritance and Gift Taxes for SMEs That Invest and Raise Wages
3+ hour, 33+ min ago (328+ words) ▲ File image of a Japanese small and medium-sized enterprise (SME) The Japanese government is considering exempting inheritance and gift taxes for successors of small and medium-sized enterprises (SMEs) that promote business investment or wage increases, the Nikkei reported today. Japan's…...
National Tax Service Chief Lim Kwang-hyun: 42% of High-End Corporate Homes Are 'Emperor Residences', Highest Valued Over 20 Billion Won
8+ hour, 30+ min ago (690+ words) ▲ National Tax Service Commissioner Lim Kwang-hyun A comprehensive National Tax Service inspection of high-end corporate-owned residences has revealed that more than 40% of them are so-called "emperor residences" used privately by controlling owners' families. National Tax Service Commissioner Lim Kwang-hyun made…...
KB: Seoul Apartment Prices Up 1.14% in August, Growth Rate Slightly Widens
4+ hour, 51+ min ago (563+ words) Apartment sales prices in Seoul surveyed by KB Kookmin Bank showed an upward trend centered on the northern areas (Gangbuk), with the growth rate slightly widening compared to the previous month. The strong trend in the southern Gyeonggi province also…...
Domestic Banks' H1 Interest Income Hits Record High of 32 Trillion Won, Though Net Profit Drops
5+ hour, 36+ min ago (348+ words) South Korean banks' interest income for the first half of this year exceeded 32 trillion won, marking the highest figure ever for a half-year period. However, net profit declined slightly as non-interest income decreased due to the impact of rising interest…...
NTS Chief Announces Major Tax Audits Into "Emperor-Style Corporate Residences" Used by Owner Families
7+ hour, 8+ min ago (268+ words) After stating that "sales of supercars have been declining following tax investigations into the private use of corporate supercars," he wrote, "There is an issue identical to supercars, which is the problem of emperor-style corporate residences." Commissioner Lim noted that…...
"Up to 110 Trillion Won in Shareholder Returns This Year"... Weakness After Announcement
1+ day, 10+ hour ago (480+ words) Samsung Electronics has announced plans for shareholder returns of up to 110 trillion won this year. The company decided to issue 30 trillion won in dividends for the third quarter alone, with detailed return plans to be released soon. Reporter Kim Hye-min…...
Seohak Ants Pump Over 100 Billion Won Into 'Samsung-Hynix' Roundhill ETF in One Week
1+ day, 9+ hour ago (451+ words) ▲ Samsung Electronics, SK Hynix South Korean retail investors, known as "Seohak ants" who invest in the U.S. stock market, have invested more than 100 billion won into an exchange-traded fund holding Samsung Electronics and SK Hynix over the past week. This…...
Jeon Won-ju Has Not Sold a Single Share of SK Hynix Bought at 20,000 Won… Estimated Return of 9,000%
2+ day, 3+ hour ago (438+ words) Actor Jeon Won-ju revealed that she still holds the SK Hynix shares she purchased in the 20,000-won range in the past without selling them. Appearing on a broadcast yesterday (August 20), Jeon stated that she holds onto her SK Hynix shares…...
Maximum Oil Price Cap Frozen Again: Gasoline at 1,784 Won, Diesel at 1,773 Won
1+ day, 22+ hour ago (639+ words) ▲ Fuel price information displayed at a gas station in Seoul Amid ongoing uncertainties in the Middle East, the government has decided to freeze the 9th maximum oil price cap. With the application of this 9th round of pricing, the maximum petroleum price…...