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Inter-Korean Military Tension to Affect Limited Impact on Financial Market

Inter-Korean Military Tension to Affect Limited Impact on Financial Market

“North Korea’s attack should have little impact on the country’s financial sector, although downside risks associated with the United States raising its key interest rates and uncertainties coming out of China need to be checked. The government is ready to respond proactively to all uncertainties.” “There was a strengthening of the U.S. dollar compared with [...]

Korean Lawmaker Seeks Law Revision to Levy Higher Taxes on Expensive Vehicles

Korean Lawmaker Seeks Law Revision to Levy Higher Taxes on Expensive Vehicles

SEOUL, Aug. 21 (Korea Bizwire) — A South Korean lawmaker is seeking a law revision aimed at levying taxes on vehicles based on their prices instead of displacement volume, a change that could result in a hike in taxes on many high-end foreign brands, industry sources said Friday. Currently, South Korea levies vehicle taxes based [...]

Children’s Goods Full of Noxious Materials

Children’s Goods Full of Noxious Materials

SEOUL, Aug. 20 (Korea Bizwire) – Environment authorities have cracked down on toys, stationary and household items with more than permissible levels of toxic chemical materials and heavy metals. These noxious materials even can cause neuropathy among children, and the government ordered manufacturers issue recalls and stop selling the products. The Ministry of Environment announced that [...]