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EU Says South Korea Could Be Removed from Tax Haven Blacklist by January

EU Says South Korea Could Be Removed from Tax Haven Blacklist by January

BRUSSELS, Dec. 14 (Korea Bizwire) — The European Union has said South Korea could be off its tax haven blacklist as soon as late January, if the country promises to amend or scrap tax breaks for international companies. South Korea was branded as a tax haven along with 16 other countries including Mongolia and Namibia according [...]

S. Korea to Persuade EU to Exclude It From Tax Haven Blacklist

S. Korea to Persuade EU to Exclude It From Tax Haven Blacklist

SEOUL, Dec. 7 (Korea Bizwire) – South Korea’s foreign ministry said Thursday it plans to persuade the European Union (EU) to exclude Asia’s fourth-largest economy from the EU’s new blacklist of tax havens. On Tuesday, the EU unveiled a list of 17 noncooperative tax jurisdictions including South Korea, Macau and the Marshall Islands, saying that [...]

Pesticide Eggs: Wary Retailers Ban Sale of Belgian Products

Pesticide Eggs: Wary Retailers Ban Sale of Belgian Products

SEOUL, Aug. 11 (Korea Bizwire) — The European Union’s recent acknowledgement that large-scale shipments of eggs from Belgium and the Netherlands may have been contaminated by a pesticide has stores and markets rethinking the sales value of Belgian waffles. The pesticide, Fipronil, is believed to be hazardous to humans. So far, Germany, England, Sweden, Switzerland [...]

China Emerges as S. Korea’s No. 2 Investment Destination

China Emerges as S. Korea’s No. 2 Investment Destination

SEOUL, May 7 (Korea Bizwire) — China became South Korea’s second-largest investment destination last year, relegating the European Union (EU) to the third spot, central bank data showed Thursday. South Korea’s external investment, which includes stocks and bonds, reached US$716.6 billion at the end of last year, up $95.5 billion from the previous year, according to [...]