SEOUL, Nov. 8 (Korea Bizwire) — A study said Korea’s income redistribution effect through taxation is lowest among the Organization for Economic Cooperation and Development member nations. According to a report “Implications for Taxes’ Income Redistribution Effect” published by the National Assembly Research Service on November 7, the ratio of income redistribution improvement through policy measures such as [...]
SEOUL, Korea, Mar 16, 2014 (Korea Bizwire) – A new pension scheme called a “donation pension plan” will be introduced from next year at the earliest. The scheme, also known as the Kim Jang-hoon plan named after a Korean rock-ballad singer who is famous for giving in excess of 10 billion won for the past [...]
![[Kobiz Feature] Hard Times to Be a Gas Station Owner](http://koreabizwire.com/wp/wp-content/uploads/2014/02/12405694_m-800x533.jpg "[Kobiz Feature] Hard Times to Be a Gas Station Owner")
SEOUL, Korea, Jan 9 (Korea Bizwire) – Only a decade ago, anyone who owns a gas station was considered one of local worthies. But today gas station operators are having a hard time even to stay in the black. Some of them go out of business or try hard to sell their properties before it’s too late. [...]
SEOUL, Korea, July 22 (Korea Bizwire) – Recently there are signs that the Korean economy has become more and more cash based. In a so-called cash economy, most transactions are made in cash instead of credit cards or bank balance transfers. As more people hold cash as a means of payment, the economy needs more [...]