SEOUL, March 12 (Korea Bizwire) — South Korea plans to replace its decades-old estate tax system with an inheritance tax, easing tax burdens on beneficiaries in an effort to ensure tax fairness and align with global standards, the finance ministry said Wednesday. South Korea currently imposes an estate tax, which is levied on the net [...]
SEOUL, March 12 (Korea Bizwire) — South Korean steelmakers are facing new and tough challenges in the U.S. market as the U.S. government was set to start imposing tariffs on all steel and aluminum imports from Wednesday. U.S. President Donald Trump has announced a wide range of levies on some of his country’s trading partners [...]
SEOUL, March 12 (Korea Bizwire) — Jeju Air Co. reclaimed its lead position among South Korea’s low-cost carriers (LCCs) last month, government data showed Wednesday, following a temporary decline in passengers due to a fatal crash that claimed the lives of 179 passengers in December. According to the data from the transport ministry, Jeju Air [...]
SEOUL, March 12 (Korea Bizwire) — K-pop boy band Stray Kids has received its ninth gold certification from the Recording Industry Association of America (RIAA) for its 2024 single album “Hop,” the group’s agency said Wednesday. According to the RIAA on Tuesday (U.S. local time), the eight-member group earned the certification after “Hop” surpassed 500,000 [...]
SEOUL, March 12 (Korea Bizwire) — Chip giant SK hynix Inc. said Wednesday it has been named one of the world’s most ethical companies by Ethisphere, a global organization that evaluates corporate ethical practices. SK hynix was among the 136 companies recognized on the 2025 World’s Most Ethical Companies list, marking the first time a [...]
All-new sub-250g Coaxial nano drone fills a durability and affordability gap in the <250g American-Made sUAS market A rugged, all-weather, NDAA-compliant option for law enforcement, emergency response and industrial enterprise operators WILMINGTON, Mass. & DALLAS, March 11, 2025 (Korea Bizwire) – Ascent AeroSystems, the world’s leading manufacturer of compact, high-performance, aircraft-grade coaxial unmanned aerial systems, today introduced HELIUS™, [...]
SEOUL, March 12 (Korea Bizwire) — A growing number of South Koreans are undergoing cancer screenings, with government-recommended participation rates reaching 70.2% last year, marking a 3.8 percentage-point increase from 2024, according to a new report by the National Cancer Center. The study, which surveyed 4,500 individuals without a prior cancer diagnosis, examined participation rates [...]
SEOUL, March 12 (Korea Bizwire) — A novel treatment using high-voltage electrical pulses to destroy cancer cells has shown promising results for patients with inoperable pancreatic cancer, according to research from Severance Hospital in Seoul. The study, led by Kim Man-deuk and Kwon Joon-ho from the hospital’s radiology department, demonstrated improved survival rates using an advanced [...]
SEJONG, March 12 (Korea Bizwire) — While South Korean lawmakers from both ruling and opposition parties have agreed to eliminate inheritance taxes between spouses, a new analysis reveals that the tax benefits would primarily affect those with assets exceeding 7 billion won. According to an analysis by real estate tax calculation service Sellymmon, commissioned by Yonhap [...]
SEOUL, March 12 (Korea Bizwire) — Six dancers wielding forearm-length daggers and four with leg-length swords in both hands began their intricate dance to the beat of drums. As those with daggers raised their blades around their shoulders and necks, the weapons spun and jingled like bells. At center stage, dancers with long swords crossed blades [...]