SEOUL, Sept. 26 (Korea Bizwire) — The effective tax rate among religious institutions is still low despite a new taxation policy for religious organizations, tax agency data showed Sunday. Rep. Jang Hye-young of the Justice Party referred to a National Tax Service report indicating that the effective tax rate for religious organizations in 2020 was [...]
SEOUL, Sept. 26 (Korea Bizwire) — South Korea’s new COVID-19 cases fell to the lowest number in more than two months on Monday, as the virus wave has been slowing down at a steady pace and the government has fully lifted outdoor mask mandates. The country reported 14,168 new COVID-19 infections, including 220 from overseas, [...]
SEOUL, Sept. 26 (Korea Bizwire) — The International Criminal Police Organization (Interpol) has issued a red notice for Do Kwon, the founder of Terraform Labs accused of fraud following the massive collapse of the firm’s cryptocurrencies in May, officials said Monday. The blockchain firm has been under investigation for alleged fraud and tax evasion after [...]
SEOUL, Sept. 26 (Korea Bizwire) — The number of students’ infringements of teachers’ rights is increasing in recent days, amid ongoing controversy over a video of a male middle school student lying on the teacher’s platform with a mobile phone in his hands during class, data showed Sunday. According to the data that Democratic Party [...]
SEOUL, Sept. 25 (Korea Bizwire) – South Korea’s new COVID-19 cases remained below 30,000 for the third straight day Sunday in a sign that the virus wave is slowing down at a steady pace. The country reported 25,792 new COVID-19 infections, including 248 from overseas, bringing the total caseload to 24,620,128, the Korea Disease Control [...]
SEOUL, Sept. 24 (Korea Bizwire) – South Korea’s new COVID-19 cases fell to the lowest Saturday tally in 11 weeks as the country is set to lift all outdoor mask mandates next week amid the virus’s downward trend. The country reported 29,353 new COVID-19 infections, including 306 from overseas, bringing the total caseload to 24,594,336, [...]
SEOUL, Sept. 23 (Korea Bizwire) — A quarter of drug offenders used online platforms, including social media and mobile messengers, to trade illegal narcotics over the past five years, police data showed Friday. According to the National Police Agency data submitted to Rep. Kang Sun-woo of the opposition Democratic Party, a total of 49,850 people [...]
SEOUL, Sept. 23 (Korea Bizwire) — More than half of middle class South Koreans see themselves as members of the lower class, a report said Thursday. NH Investment & Securities Co. conducted a survey of 1,140 South Korean adults, which showed that this year’s median income for a four-person household stood at 5.12 million won [...]
SEOUL, Sept. 23 (Korea Bizwire) — A considerable part of the revenue generated by small restaurants and bars in South Korea comes from food delivery apps, a survey showed Thursday. The Small Enterprise and Market Service conducted a survey of 300 small restaurants and bars, which showed that they had used delivery apps for an [...]
SEOUL, Sept. 23 (Korea Bizwire) — The Korea Customs Service (KCS) reported that, among items it has confiscated from smugglers and tourists and put up for sale, luxury wristwatches are gaining popularity. Rep. Kang Jun-hyeon from the Democratic Party referred to the KCS’ report indicating that the customs agency sold confiscated wristwatches worth 2.65 billion [...]