South Korea business groups step up pressure for corporate tax breaks
The government introduced its plan to slash the corporate tax ceiling to 22 per cent of earnings from the current 25 per cent in July, pending approval.
Hong Yoo
Jeju kicks off autonomous driving service
The autonomous driving vehicles will ply two routes, and be free of charge during weekdays from 10:30 am to 6:30 p.m. for free until next year.
Overseas flight bookings from South Korea soar over 14-fold, with a half heading to Japan
Japan topped the list of popular travel destinations, with 48.2 per cent of flights booked heading there.
Korea’s transport ministry offers increase of taxi-hailing fee to resolve nighttime cab shortage
In Seoul, the number of corporate taxi drivers has decreased to 21,000 from 31,000 making hailing a taxi extremely difficult at night.
From fast chasers to drivers of national brand
“Made in Korea” products by companies -- both small and big -- have strengthened Korea‘s national brand. To further enhance the nation’s brand power, experts say brands…
Hyundai Motors among big three carmakers for first time
While its global rivals were hit hard by chip shortages, Hyundai is said to have pulled through the crisis as it was able to secure enough chip supplies.
BMW, Mercedes-Benz in tight race for top importer title in Korea
BMW has sold a total of 43,042 units from January to July this year, following closely behind Mercedes-Benz, which has sold 1,611 units more than BMW during the same period.
Eco-friendly vehicles make up 30.3% of Korea’s automotive exports
South Korea exported $20.45 billion worth of cars from January to May 2022.
South Korea to extend fuel tax cuts amid inflation woes
The latest decision comes as gas prices have surged to record highs in recent weeks.
Number of ‘supercars’ worth W300m quadruples over 6 years in Korea
The uptick in corporate supercars indicates that corporate money could have been used for personal purposes, a lawmaker claimed.