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Aug 3, 2023
"Banks Achieve Unprecedented Foreign Exchange Trading Milestone, Surpassing $69.37 Billion"
According to the Bank of Korea (BOK), the second quarter of this year saw a historic surge in daily average foreign exchange trading...


Aug 2, 2023
SK hynix Anticipated to Dominate HBM Market with Further Decrease in NAND Production
I n the second quarter, both Samsung Electronics and SK hynix experienced losses, continuing their challenging performance from the first...


Aug 1, 2023
Hyundai Motor's Shares Stay Steady: Impressive Results Fail to Impact Stock Price
Hyundai Motor has reported record-breaking quarterly performance, with operating profit exceeding 4 trillion won ($3.14 billion) for the...


Jul 31, 2023
Nongshim Contemplates Launching Another Shin Ramyun Factory in the US
According to recent data from the Korea Agro-Fisheries & Food Trade Corporation and the Korea Customs Service, the export value of Korean...


Jul 30, 2023
Hanwha Rivaling German Company for 10 Trillion Won Australian Armored Vehicle Contract
Hanwha Aerospace's Redback armored vehicle is on the verge of being exported to Australia. The Australian government is expected to...


Jul 29, 2023
MOU Signed Between Korea National Railway and Kyrgyz Railways
Korea National Railway (KNR) has signed a memorandum of understanding (MOU) with Kyrgyz Railways for cooperation between the two...


Jul 28, 2023
KB Kookmin Bank Partnering with SM Entertainment to Present K-POP Concert in Jakarta
KB Kookmin Bank has announced its participation as a title sponsor in co-hosting SMTOWN LIVE 2023 with SM Entertainment in Jakarta,...

Jul 27, 2023
Elements Europe, a subsidiary of GS E&C, successfully secures a modular housing project in the UK
Elements Europe, a subsidiary of GS E&C, has successfully completed its contract for the Camp Hill project in Birmingham, UK. This...


Jul 27, 2023
KEPCO KPS Concludes Extension Agreement for Power Plant Project in Uruguay
KEPCO KPS, a South Korean co mpany, has signed an extension contract with the Uruguayan Electricity Authority (UTE) for the Punta del...

Oct 24, 2022
Tips for tax saving in art before jumping into Frieze Seoul.
No tax is levied on paintings with a transfer value of less than 60 million won. Works of surviving artists in Korea are unconditionally...

Oct 17, 2022
Don't miss the VAT Filing returns deadline
In Korea, corporations file VAT returns four times each quarter, and individual entrepreneurs file a total of two VAT returns, once...

Oct 17, 2022
KakaoTalk(Messenger app) Server Malfuntion
In case of a fire in the office, our corporation also holds all of our data through Dropbox. I think the following case that occurred...

Oct 7, 2022
Tax Deductions for Koreans and Foreigners
Reference: Link

Oct 6, 2022
Airbnb wants to add 'hanok'
Airbnb wants to add 'hanok' as a category amid growing interest in K-culture from international travelers By Kang Jae-eun SEOUL, Sept. 29...

Sep 30, 2022
Won's tumble strengthens case for sharp rate hikes, darkens outlooks for economy
By Koh Byung-joon kokobj@yna.co.kr SEOUL, Sept. 22 (Yonhap News) A recent accelerating slide in the local currency against the U.S....

Sep 29, 2022
SOUTH KOREA: FOREIGN INVESTMENT
FDI in Figures Global foreign direct investment (FDI) flows in the first half of 2021 reached an estimated USD 852 billion, showing...

Sep 28, 2022
Korea’s Zigbang forays into global virtual office market with Soma
[Source: Zigbang] South Korea’s No.1 real estate application operator Zigbang advances into the global virtual office market with Soma...

Sep 27, 2022
Filing Return Schedule in Korea
Filing returns Reference: Link www.nts.go.kr


Sep 26, 2022
Korea, Republic of Corporate - Withholding taxes
Foreign corporations with income derived from sources in Korea are subject to CIT on such income. If the foreign corporation has no...

Sep 23, 2022
Required Four Major Social Insurance Schemes
The hiring an employee requires a company to follow the labor laws in Korea. One of the requirement that most foreign invested companys...
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