SEOUL, Aug. 5 (Korea Bizwire) — South Korea plans to raise the limit of the duty-free allowance for inbound travelers to US$800 per person from the current $600, the finance ministry said Friday. Currently, international arrivals — both Korean nationals and foreigners — can receive tax exemptions for the purchase of items worth up to [...]
SEOUL, July 22 (Korea Bizwire) — Four out of five multilevel marketing salespeople in South Korea earned no sponsor allowance at all last year, the country’s antitrust regulator said Thursday. The nation’s multilevel marketing sales totaled 5.18 trillion won (US$3.96 billion) last year, up almost 4 percent from a year ago, with the total amount [...]
SEOUL, Jan. 5 (Korea Bizwire) — Each new elementary school student in Seoul will be given a one-off allowance of 200,000 won (US$167) beginning this year, its education chief said Wednesday. The allowance, formally named “school admission preparation subsidy,” will be first paid to about 69,800 first graders in the capital this year, Cho Hee-yeon, [...]
SEOUL, May 24 (Korea Bizwire) — The National Police Agency (NPA) is reviewing the idea of giving an allowance to police officers who are directly involved in investigating unnatural deaths. NPA officials said that the number of police officers who suffered trauma after handling unnatural death cases is increasing, adding that an atmosphere has been [...]
SEOUL, Oct. 7 (Korea Bizwire) — Are South Korean soldiers carrying out their mandatory military service financially well off in terms of their life in the barracks, without having to depend on their parents for an allowance? The National Defense Committee at the National Assembly reportedly asked the Ministry of Defense to conduct a study [...]
ANSAN, Jun. 27 (Korea Bizwire) — The “bicycle-to-work allowance” implemented by Ansan Urban Corporation, operating under the Ansan city government in Gyeonggi Province, is receiving positive responses from employees. Since June, the cooperation has implemented the system for employees with a commute of more than 2km among some 800 employees. If an employee applies for [...]