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South Korea’s surging global cultural influence is translating into record-breaking retail performance, as rising numbers of foreign tourists
The Weeknd will return to South Korea in October for his first performances in the country in eight
South Korea’s KF-21 Boramae fighter-jet program is facing mounting budget pressure after defense officials disclosed May 12 that
South Korea posted the fastest economic growth among major economies in the first quarter, central bank data released
(Photo=MotionElements) A deepening dispute over performance pay at Samsung Electronics is escalating toward a strike, while similar demands at Hyundai Motor Company point to a broader shift in how workers across South Korea’s industrial base are seeking to claim a larger share of corporate earnings. At Samsung Electronics, negotiations between management and the union representing employees in its semiconductor-focused Device
(Photo=Office of the President of the Republic of Korea) South Korea is mobilizing its top corporate leaders to support a government-led push into overseas markets, as President Lee Jae-myung embarks on a six-day trip to India and Vietnam aimed at strengthening economic ties. The delegation includes Jay Y. Lee of Samsung Electronics, Chung Eui-sun of Hyundai Motor Group, and Koo
(Photo=Court of the Republic of Korea) South Korea is sharpening its approach to taxing art transactions, signaling that individuals who frequently trade high-value works may face treatment closer to businesses than private collectors. A recent ruling by the Seoul Administrative Court upheld a decision by tax authorities to deny a refund claim of roughly $1 million, finding that the individual’s
Photo=Motionelements South Korea’s housing-related tax burden is set to rise sharply this year as higher assessed property values push more homeowners into higher tax brackets, particularly in Seoul. A report from the National Assembly Budget Office estimates total housing property tax revenue at about $6.6 billion in 2026, up 15.3% from roughly $5.7 billion a year earlier—an increase of about
Photo=Motionelements South Korea’s leading chipmakers are rolling out dividend payments after posting record earnings, offering shareholders a seasonal windfall as their stocks continue to rally. Samsung Electronics said it will pay a dividend of about $0.41 per share, including a special payout for the first time in five years. The additional distribution lifts the total above its regular quarterly dividend
