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20 Indicted for Moving 4 tln Won Overseas for Cryptocurrency ‘Kimchi Premiums’

20 Indicted for Moving 4 tln Won Overseas for Cryptocurrency ‘Kimchi Premiums’

SEOUL, Jan. 18 (Korea Bizwire) — Prosecutors have indicted 20 people on charges of illegally remitting about 4 trillion won (US$3.2 billion) worth of funds overseas to buy cryptocurrencies abroad and sell them back in South Korea at a premium, officials said Wednesday. The Seoul Central District Prosecutors Office, in collaboration with the Seoul branch [...]

About 1 in 20 Young Seoul Residents Live in Social Isolation Due Mainly to Unemployment

About 1 in 20 Young Seoul Residents Live in Social Isolation Due Mainly to Unemployment

SEOUL, Jan. 18 (Korea Bizwire) — About 1 in 20 young people in Seoul live in isolation or seclusion from society due mainly to difficulties in finding a job or mental problems, a survey by the city government showed Wednesday. An estimated 4.5 percent, or about 129,000, of Seoul residents aged between 19-39 were surveyed [...]

Number of Foreigners Filing Taxes in S. Korea Down for 2021 Income amid Pandemic

Number of Foreigners Filing Taxes in S. Korea Down for 2021 Income amid Pandemic

SEOUL, Jan. 18 (Korea Bizwire) — The number of foreign workers filing taxes in South Korea for 2021 income fell 7.3 percent from a year earlier, data showed Wednesday, amid the restricted travel following the COVID-19 pandemic. A total of 505,000 foreign workers filed a year-end tax settlement for their 2021 income, down from 545,000 [...]

Corporate Watchdog to File Complaint Against Truckers’ Union for Obstructing Investigation

Corporate Watchdog to File Complaint Against Truckers’ Union for Obstructing Investigation

SEOUL, Jan. 18 (Korea Bizwire) — South Korea’s antitrust regulator said Wednesday it has decided to file a criminal complaint against a truckers’ union for obstructing its on-site investigation during its strike last year. The move came after officials from the watchdog were denied entry to the offices of the Korean Public Service and Transport [...]

3 in 4 Disabled Persons Face Difficulty Exercising Outdoors: Survey

3 in 4 Disabled Persons Face Difficulty Exercising Outdoors: Survey

SEOUL, Jan. 17 (Korea Bizwire) – Many South Koreans with disabilities are refraining from exercising outdoors despite the dwindling impacts of the pandemic, a survey showed Monday. The Ministry of Culture, Sports and Tourism conducted a survey of 10,000 registered disabled persons in the country between the ages of 10 and 69, which showed that only 26.6 [...]