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Asian Milkyway : BIFF’s Showcase Event Gathers Asian Stars

Asian Milkyway : BIFF’s Showcase Event Gathers Asian Stars

BUSAN, Oct. 5 (Korea Bizwire) – The Busan Film Festival had a showcase of six rising young stars representing South Korea, Japan and Taiwan on Monday. The panel included Kim Woo-bin and Kim Go-eun from South Korea, Taiwan-based stars Mark Chao and Sandrine Pinna, and Takeru Satoh and Masami Nagasawa of Japan. The “casting board” event selects one male and female [...]

Vehicle Penalties Expected to Rise Ten-Fold Due to Volkswagen Scandal

Vehicle Penalties Expected to Rise Ten-Fold Due to Volkswagen Scandal

SEOUL, Oct. 5 (Korea Bizwire) - Penalties for violations of car safety and environmental standards are expected to reach as much as 10 billion won due to the recent Volkswagen emissions scandal. Criticism was brought up that the recent limitation for penalties, currently set at 1 billion won, is too low to have any effectiveness. According [...]

Government Exploitation? : Cigarette Tax Revenue Equal to Income Taxes on Salaried Workers

Government Exploitation? : Cigarette Tax Revenue Equal to Income Taxes on Salaried Workers

SEOUL, Oct. 5 (Korea Bizwire) – A spike in local cigarette taxes is expected to push up the amount of next year’s tobacco tax revenue on par with what the government receives from salaried workers, a local civic group claimed Monday. According to the Korea Taxpayers Association, cigarette tax revenue is estimated to top 12.6 [...]

Questionable Credibility Leads to Plummeting Foreign Car Sales

Questionable Credibility Leads to Plummeting Foreign Car Sales

SEOUL, Oct. 2 (Korea Bizwire) – With Fiat-Chrysler also creating controversy by manipulating the number of accidents caused by their cars not long after Volkswagen slapped the whole world in the face, the credibility of foreign motor brands is dropping faster than the temperature these days. Sales of foreign cars over the past two weeks have decreased [...]