tax cuts

The Organisation for Economic Development and Co-operation (OECD) has cut its forecast for South Korea's economic growth next year to 1.8%, down fro...

A total of 103 companies, a mere 0.01% of the total number of corporations in South Korea, are paying more than 40% of the country’s total cor...

LG Chem Ltd., South Korea’s largest chemicals maker, said on Tuesday it is building a $3.2 billion cathode plant in Tennessee, its first facto...

The state-run Korea Gas Corp. is set to raise some 1 trillion won ($745 million) by issuing hybrid securities to lower its debt ratio although the d...

Nearly half of South Korea's economists want the inheritance tax abolished, according to a survey.The Korea Economic Association on Thursday release...

Six leading economic organizations in South Korea have sent a joint letter to the US government and Congress requesting revision of the US Inflation...

South Korea’s National Pension Service (NPS) is set to receive a tax refund of 30 billion won ($22.4 million) from the US Internal Revenue Ser...

LG Electronics on Tuesday said it has unveiled its new mini-LED monitor for surgery at this year's Medica, the world's largest trade exhibition for ...

South Korean companies are at risk of credit rating downgrades as the fallout of a debt default by the domestic developer of a Legoland theme park r...

South Korean economic growth is expected to decline further next year to the slowest level since the COVID-19 breakout while inflation is likely t...

LG Display Co., a major South Korean display panel maker, said on Tuesday it has developed the world’s first full-color stretchable display th...

The South Korean government and the country’s top automaker Hyundai Motor Co. have requested the US government give Korean carmakers a three-y...

Hyundai Motor Co. and Kia Corp., which are gradually increasing their presence in the US market, saw their hybrid vehicle sales reach an all-time hi...

South Korea on Oct. 26 officially launched the carbon neutrality commission based on laws for green growth, which took effect last March, amid the g...

EcoPro BM Co., South Korea’s leading battery material producer, is set to build a plant in Canada with a $704 million investment in a partners...

Samsung Electronics Co., the world’s largest memory chip and smartphone maker, said on Thursday it will not reduce its production despite dwin...

South Korea’s LG Energy Solution Ltd. said on Thursday it has signed an initial agreement to explore graphite procurement from Australia&rsquo...

POSCO Holdings Inc., the holding company of the world’s sixth-largest steel maker, missed market estimates for its quarterly profit as last mo...

South Korea on Oct. 17 started exempting foreign investors from two types of taxes on Korean treasury bonds and monetary stabilization bonds investm...

SK On Co., a leading South Korean battery maker, said on Wednesday it has signed a long-term contract to procure lithium, a key battery material, fr...

POSCO Group, which owns South Korea’s largest steelmaker, plans to invest an additional $1.09 billion, or 5 trillion won, in its lithium produ...

South Korea’s airlines, already slammed by a weaker won currency and rising interest rates, are expected to suffer more from global major oil ...

SILICON VALLEY – Samsung Electronics Co., the world’s top memory chipmaker, is not considering slashing its memory chip production despi...

Deep learning-based Software as a Service (SaaS) provider Z.Ai Inc. won the September pitch competition hosted by Seoul-based startup accelerator D....

Samsung Electronics Co., the world’s largest memory chipmaker, has slashed its outlook for second-half semiconductor sales revenue by a third ...

SK On Co., the world’s fifth-largest electric vehicle battery maker, has signed a deal with an Australian lithium producer. Securing the core ...

The steeper-than-expected decline in the won’s value is posing a grave threat to South Korean companies already struggling with rising inflati...

Studio Dragon Corp., South Korea’s leading drama production house, spent 26 billion won ($18.5 million) on Vincenzo, aired in 2021, and receiv...

The US decision to remove tax incentives for cars produced outside North America may violate World Trade Organization (WTO) provisions and could be ...

The Asian Development Bank (ADB) has slashed its 2023 growth outlook for the South Korean economy, citing daunting global risks, as the country is h...