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Reporter : Yoon Ja-young
Mon, February 26, 2024 | 23:00
Procurement market offers launch pad for businesses to leap forward as global players
Procurement markets overseas offer huge opportunities for businesses to grow into global players, but many of them have been hesitant due to high entry barriers. The Public Procurement Service (PPS) has been accompanying businesses to successfully enter the blue ocean market, and help their exports rise to record highs in the first quarter.
Dunamu holds ESG management committee meeting
Dunamu, the operator of the country's largest cryptocurrency exchange, Upbit, held its first environment, social and corporate governance (ESG) management committee meeting on Monday.
KB Kookmin Bank to release sports documentary
KB Kookmin Bank is releasing documentary footage on a football team with which it has signed a promotion partnership. Titled “Green Wolves,” it focuses on the K League 2 team, the Ansan Greeners FC. It is scheduled to tell the history of the Ansan Greeners FC, a football club for local residents, as well as training for the athletes who aim to make it into the higher K League...
NTS addresses double taxation problems
The National Tax Service (NTS) announced that it has addressed hundreds of double taxation issues that weighed on businesses. The tax agency said it has resolved a total of 430 cases related to double taxation jointly with foreign tax authorities under double taxation avoidance agreements between March 2018 and October this year. March 2018 is when the NTS launched the Mutual...
Statistics Korea hosts international conference on crime statistics
Statistics Korea is holding an international conference on crime statistics in Seoul from Wednesday to Friday. The statistics office is jointly hosting the 6th International Conference on Governance, Crime and Justice Statistics with Mexico's National Institute of Statistics and Geography (INEGI), the United Nations Office on Drugs and Crime (UNODC) and the UNODC Centers of E...
NTS holds digital tax forum with Latin American countries
The National Tax Service (NTS) is holding the 2nd Korea-Latin America Digital Tax Administration Forum jointly with the Inter-American Development Bank (IDB) from Nov. 7 to 10, joined by some 50 participants including five commissioners and high-level tax officials from 15 Latin American countries.
What needs to be done to shore up Korea's economy in times of crisis?
In August, I attended the opening ceremony of KEXIM Global (Singapore) Ltd., Korea Eximbank's subsidiary in Singapore. The event was organized to announce Korea Eximbank's resumption of operations in Singapore after 25 years of absence due to the Asian Financial Crisis, and also to launch the bank's new regional financing hub in the Asia-Pacific region.
Tax commissioners' meeting
National Tax Service (NTS) Commissioner Kim Chang-ki, left, poses with OECD Forum on Tax Administration Chair Bob Hamilton, center, and Australian Taxation Office Commissioner Chris Jordan, right, at the 15th Plenary meeting of the OECD Forum on Tax Administration held in Sydney, ...
Korea's 100 richest in housing own 21,000 homes
The country's richest 100 people in terms of housing ownership possess nearly 21,000 homes. The total official value of these homes exceeds 2.5 trillion won ($1.74 billion). According to Statistics Korea data submitted to Rep. Kim Hoi-jae of the main opposition Democratic Party of Korea, the 100 most prolific homeowners in the country owned 20,689 units of housing as of 2020....
Koreans consume 53 bottles of soju, 83 bottles of beer a year
The average adult residing in Korea consumed on average 53 bottles of soju and 83 bottles of beer last year, data showed. That is equal to a bottle of soju and nearly two bottles of beer a week. According to National Tax Service (NTS) data submitted to Rep. Kim Sang-hoon of the ruling People Power Party, 825,848 kiloliters of soju was shipped out from local soju breweries las...
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