Author: Seoul Reporter

[ad_1] American Chamber of Commerce in Korea (AMCHAM) Chairman James Kim, left, and Nationwide Tax Service (NTS) Commissioner Lim Kwang-hyun stroll into AMCHAM’s workplace in Seoul, Friday, to attend a roundtable assembly. Courtesy of NTSThe Nationwide Tax Service (NTS) will start deferring routine tax audits of international corporations for as much as two years beginning in December in the event that they plan sure ranges of elevated funding in Korea. It marks the primary time the nation has launched an audit deferral program particularly designed for international traders.Throughout a roundtable assembly hosted on Friday by the American Chamber of Commerce…

[ad_1] Hong Kong Index ELS subscribers holding a press convention in entrance of the Monetary Supervisory Service constructing in Seoul final 12 months. The Monetary Supervisory Service has preliminarily notified 5 banks that offered Hong Kong H Index (Grasp Seng China Enterprises Index) equity-linked securities (ELS) of mixed fines and penalties totaling roughly 2 trillion gained (roughly $1.3 billion) for improper gross sales practices. This marks the primary trillion-won stage positive for the reason that enactment of the Monetary Client Safety Act in 2021 and represents the most important positive in historical past. If the trillion-won…

[ad_1] Displaced residents are seen at a makeshift shelter inside a shopping center close to the scene of a significant hearth that swept by means of a number of residence blocks on the Wang Fuk Courtroom residential property in Hong Kong’s Tai Po district, Nov. 28. AFP-YonhapResidents displaced by Hong Kong’s worst hearth in seven many years have been left weary and anxious, fearing one other sleepless night time and unsure about the place they will shelter.A 76-year-old retiree, Chow, who lives within the Kwong Fuk public housing property in Tai Po, spent all of Thursday sitting within the open…

[ad_1] Protection Minister Ahn Gyu-back, proper, shakes fingers together with his Norwegian counterpart, Tore O. Sandvik, exterior Norway’s protection ministry in Oslo, Friday. Courtesy of Ministry of Nationwide Protection The protection chiefs of South Korea and Norway held talks in Oslo on Friday and mentioned strengthening safety and arms business cooperation, Seoul’s protection ministry stated.Protection Minister Ahn Gyu-back and his Norwegian counterpart, Tore O. Sandvik, agreed to deepen cooperation in future warfare applied sciences, reminiscent of synthetic intelligence and unmanned methods, and establish areas of cooperation by common talks.Ahn additionally requested for Norway’s consideration of South Korea’s Chunmoo rocket artillery…

[ad_1] President Lee Jae Myung of South Korea shakes fingers with German Chancellor Friedrich Merz as they meet on the sidelines of the Group of 20 summit in Johannesburg, South Africa, on Nov. 22, 2025. (Yonhap) As tensions rise between China and Japan towards the backdrop of the continued US-China rivalry, main world powers have continued to ask South Korea for its perspective on the problems and monitor its response. Korea’s financial and cultural progress has seen its diplomatic affect develop through the years, establishing it as a rustic with an essential say on issues that may function a reference for…

[ad_1] Microsoft’s knowledge heart. (Picture courtesy of Microsoft) With synthetic intelligence (AI) increase inflicting explosive development in knowledge heart energy demand inside america, home energy infrastructure corporations are accelerating their native funding growth. Because the U.S. is predicted to proceed long-term growth of ultra-high voltage transmission networks and energy amenities, Korean corporations have decided that securing native manufacturing bases is crucial. In accordance with the business, LS Cable & System selected a paid-in capital enhance on Nov. 26 to lift funds for establishing a submarine cable plant in america. The holding firm LS Corp. will…

[ad_1] The utmost tax price for separate taxation on dividend revenue rises from 35% to 25%. (Photograph: BusinessKorea DB) The ruling and opposition events reached a remaining settlement on Nov. 28 to decrease the utmost tax price for separate taxation on dividend revenue from 35% to 25%, whereas establishing a brand new bracket for quantities “exceeding 5 billion gained” with a 30% tax price. Rep. Park Soo-young of the Individuals Energy Occasion, who serves as chairman of the Nationwide Meeting Technique and Finance Committee’s taxation subcommittee, and Rep. Jeong Tae-ho of the Democratic Occasion of…

[ad_1] Folks wade by the water at a flooded road in Medan, North Sumatra, Indonesia, Nov. 27. AP-YonhapJAKARTA — The demise toll from floods and landslides on the island of Sumatra in Indonesia this week jumped to 84 individuals, rescue officers mentioned Friday, with dozens nonetheless lacking.”As of this morning, the variety of fatalities is 62, with 95 individuals injured, each critical and minor accidents. A minimum of 65 persons are nonetheless being looked for,” North Sumatra police spokesman, Ferry Walintukan, informed AFP.Within the neighbouring province West Sumatra, at the least 22 individuals have died, with 12 others lacking, based…

[ad_1] Rep. Park Soo-young, left, of the primary opposition Individuals Energy Occasion and Rep. Jung Tae-ho of the ruling Democratic Occasion of Korea, each members of the parliamentary technique and finance committee, communicate to reporters on the Nationwide Meeting in Seoul, Friday, after the 2 sides reached an settlement on tax reform for dividend revenue. Yonhap The ruling and opposition events agreed Friday on a tax reform plan to create a brand new bracket for dividend revenue topic to separate taxation, including a top-tier class for quantities exceeding 5 billion received ($3.4 million) that can be taxed at a most…

[ad_1] Oriental Brewery’s marketing campaign video supporting self-employed enterprise house owners has gained an award from the business minister on the 2025 CSR Movie Competition Awards. Second from left is Koo Ja-beom, government vp of Oriental Brewery. Courtesy of Oriental BreweryOriental Brewery has been acknowledged for its marketing campaign video supporting self-employed enterprise house owners. In keeping with the corporate, the video, a part of a marketing campaign launched in August, gained the Minister of Commerce, Business and Assets Award on the 2025 CSR Movie Competition Awards on Thursday.Established in 2012, the awards spotlight and share the worth of company…