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 11 (Korea Bizwire) — As the Constitutional Court prepares to deliver its ruling on President Yoon Suk-yeol’s impeachment, South Korean authorities are implementing stringent security measures to prevent potential acts of violence, including restrictions on firearm access and airspace controls. According to sources familiar with the matter, the National Police Agency is considering an [...]
SEOUL, March 11 (Korea Bizwire) — “Don’t suffer in silence anymore. Take revenge on those who have wronged you,” reads the product description for a straw doll on a popular South Korean e-commerce platform. These modern interpretations of traditional voodoo dolls, priced at around 10,000 won each, are being marketed as stress-relief tools for dealing with workplace [...]
SEOUL, March 11 (Korea Bizwire) — Individuals with Type 1 diabetes face nearly twice the risk of suicide compared to the general population and 1.8 times higher risk than cancer patients, according to a groundbreaking study published in the Journal of Internal Medicine. The research, conducted by Kim Jae-hyeon, Kim Gyu-ri, and Kim Seohyun from Samsung Seoul [...]
SEOUL, March 11 (Korea Bizwire) — Amid China’s rapid advancements in high-tech industries, South Korean investors are increasingly turning to Chinese stocks, fueling a surge in trading volumes, according to Chinese state media. China Central Television (CCTV) recently reported, citing data from the Korea Securities Depository, that the total trading volume of Chinese mainland and [...]
SEOUL, March 11 (Korea Bizwire) — LG Electronics Inc. said Tuesday its new advanced organic light-emitting diode (OLED) and quantum nanocell-emitting diode (QNED) TVs will soon hit the market, with their user-friendly artificial intelligence (AI) and upgraded image quality. The 2025 OLED evo incorporates brightness booster technology, which optimizes the display algorithm and organic compound [...]
SEOUL, March 11 (Korea Bizwire) — As South Korea’s revised tax law imposes income tax on employee discounts starting in 2025, major corporations are stepping in to offset the financial impact on their workers. Samsung Electronics announced on March 10 through its internal Family Net platform that the company plans to cover the tax burden [...]
SEOUL, March 11 (Korea Bizwire) — South Korea’s leading petrochemical companies are bracing for potential credit rating downgrades in the first half of 2025 as financial indicators continue to deteriorate due to a prolonged industry slump. The growing concerns come in the wake of Homeplus’ restructuring following a credit rating downgrade, raising alarms over broader [...]
SEOUL, March 11 (Korea Bizwire) — South Korea’s restaurant industry is experiencing its most severe downturn since the pandemic, with business sentiment falling to levels last seen during COVID-19 social distancing measures, according to government data released on March 9. The Restaurant Industry Business Survey Index dropped to 71.52 in the fourth quarter of 2024, down 4.52 [...]
SEOUL, March 11 (Korea Bizwire) — One in six South Korean students is obese, and half of these obese students show at least one risk factor for metabolic syndrome, including diabetes or hypertension, according to a comprehensive new study. The research also revealed that 20% of obese students are prediabetic. The National Health Insurance Service Research Institute’s [...]