Icheon Archives | Be Korea-savvy

SK hynix Pays Big Local Tax Bill

ICHEON, May 8 (Korea Bizwire) — SK hynix revealed yesterday that the company had paid 190 billion won in local corporate taxes this year to the government of Icheon in Gyeonggi Province, home to its headquarters and factory. This is a more than fivefold increase from 35.2 billion won in taxes paid last year. Local [...]

Local Governing Bodies Benefit from SK Hynix’s Success

CHEONGJU, May 7 (Korea Bizwire) — The city of Cheongju has seen its local corporate income taxes double due to SK Hynix‘s record sales last year. According to a May 6 statement from city officials, a record-high 88.8 billion won (US$ 82.1 million) in local corporate income taxes was collected, far beyond the city’s estimate of [...]