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News
Korea's Tax Agency Leaves 230 Property Tax Queries Unanswered Over a Year
1+ hour, 36+ min ago (394+ words) Requests for Interpretation Flood In as Property Tax Rules Grow Impenetrable Surge in Queries Also Strains the Tax Authority The National Tax Service operates a tax law interpretation system that allows taxpayers to request an official reading when they find…...
Hanjin Ramps Up U.K. Fulfillment Center for K-Beauty Demand
7+ hour, 46+ min ago (153+ words) Seoul Economic Daily Hanjin Transportation (002320.KS) said on the 14th that it is ramping up operations at the U.K fulfillment center it established in April, ahead of the year-end global shopping season The company plans to use the U.K site to…...
Jungheung Group Pays 70 Billion Won in Cash to Subcontractors
6+ hour, 34+ min ago (274+ words) Construction Payments Made Fully in Cash Ahead of Chuseok Move Eases Wage and Material Costs for Partner Firms GWANGJU — Jungheung Group is again moving to ease the financial strain on its subcontractors, deciding to pay out 70 billion won ($50 million) in…...
Seoul Land Transaction Permit Filings Plunge 35% in August
6+ hour, 56+ min ago (344+ words) Seoul recorded 3,012 land transaction permit applications in August, down 35% in a single month Down 66% from the April peak, the lowest since the citywide designation took effect Gangnam's three districts and Yongsan fell 0.34%, while northern Seoul rose 0.61% New applications for land…...
Coupang Brings Private-Label Brands Together at Seongsu Festival
12+ hour, 2+ min ago (237+ words) CPLB's First Offline Festival Since Its Founding Hands-On Programs Expanded, 120 Small Manufacturers Join CPLB, Coupang's private-label subsidiary, said on the 14th that it will hold the Coupang Only Festa from Sept. 17 to 20 at Anderson C in Seongsu-dong, Seongdong-gu, Seoul. It is…...
Food and Labor Costs Eat Up 71.6% of Korean Restaurant Sales
7+ hour, 52+ min ago (248+ words) Restaurants in South Korea are keeping less of what they earn, with food and labor costs exceeding 70% of sales for the first time last year. Costs are climbing faster than revenue, squeezing already thin margins across the industry. Food Costs…...
From 'Peppermint Candy' to 'Possible Love': Lee Chang-dong's Gaze on Society
10+ hour, 10+ min ago (283+ words) Novelist Turned Global Auteur Three Decades Probing the Individual and Society Director Lee Chang-dong's win of the Grand Jury Prize (Silver Lion) at the Venice International Film Festival for "Possible Love" has drawn renewed attention to his artistic trajectory. Lee,…...
Netflix Korea Chief Vows Continued Ties After Venice Win
10+ hour, 22+ min ago (290+ words) Seoul Economic Daily Kang Dong-han, vice president of Korean content at Netflix, congratulated director Lee Chang-dong on winning the Grand Jury Prize at the Venice Film Festival for "Possible Love" and pledged to continue working with the Korean film industry…...
Seongsu Rivals Myeongdong as Airbnb Listings Triple in Two Years
10+ hour, 46+ min ago (447+ words) Seoul Economic Daily...
Builders Snap Up Yeouido, Mokdong Rebuilding Projects Without Rivals
11+ hour, 42+ min ago (299+ words) ■ Yeouido, Mokdong Complexes Pick Contractors One After Another Samsung C&T Wins Daegyo and Mokhwa, Eyes Sibeom Next Hyundai E&C and GS E&C Each Secure a Major Site Mokdong Complexes 7 and 14 Loom as Biggest Variable in Second-Half Contests…...