Crypto airdrops subject to gift tax: Korean authorities
Though Korea has yet to impose capital gains tax on crypto trade, it levies gift tax on “gifted” assets. However, detailed standards and monitoring systems are still not in…
South Korea
South Korea concurrently begins major military exercise with US, civil defence drills
The two-week exercise between South Korea and the US is scheduled to be held between Aug 22 and Sept 1.
South Korea’s education ministry to nurture 1 million skilled workers for digital industry
The ministry will push for measures to produce skilled workers, including software and artificial intelligence education for elementary and middle schools within this year.
A day in the life of an AI dressing room model
A four-hour photoshoot yielded $90, despite not needing any work experience or training required.
Korean chipmakers’ reliance on China jumps 13-fold over 20 years
A report noted trade ties between the two countries, established in 1992, became a major driving force behind Korea’s economic growth.
South Korean president Yoon shakes up staff amid crumbling popularity
The shake-up comes after President Yoon Suk-yeol saw his approval rating fall below 30 per cent in recent weeks.
Dokdo’s on-site lesson for multicultural youths
Japan has also lay claim over the East Sea islets of Dokdo, Korea’s easternmost outpost, also known as Liancourt Rocks.
Easing North Korea sanctions should be last resort as Yoon pushes Audacious Initiative
Even as the administration pushes the initiative, key parts of sanctions must be kept intact until North Korea denuclearizes its weapons completely and irreversibly.
Millions of Covid-19 vaccines have been wasted in South Korea: Report
The issue of vaccines going to waste is likely to continue as more are scheduled to arrive in South Korea by the end of this year.
South Korea says boosters now recommended after breakthrough Covid-19
The latest vaccine advice says boosters are recommended to all aged 18 and up, as well as clinically vulnerable children aged 12 to 17, if their last infection was three months or…