Government Implements Measures to Address Reverse Tax Crisis, Increase Loan Limits and Provide Housing Support
Government Introduces Measures to Address Reverse Tax Crisis The government has unveiled a set of measures aimed at tackling the reverse tax crisis. To address the issue of landlords who are unable to return the jeonse deposit, the current DSR (Total Principal Interest Repayment Ratio) will be replaced with a new approach. Under this system, […]
Food Stocks Bounce Back as Nongshim Lowers Prices of Ramen and Shrimp Crackers
Nongshim Announces Price Cuts for Ramen and Shrimp Crackers Seoul – In a move to alleviate the pressure faced by food stocks due to government-mandated price reductions, Nongshim, a leading food company, has announced price cuts for its popular products, Shin Ramyun and Shrimp Crackers. Effective immediately, the factory prices of Shin Ramyun and Shrimp […]
[영상] “Restrictions on business changes must be eased”… Discussion of pending issues with Deputy Prime Minister Choo Kyung-ho
[씽크] Kim Ki-moon / Chairman of the Korea Federation of Small and Medium Businesses: With the inauguration of the Yoon Seok-yeol government and solving the chronic problems of small and medium businesses one by one, entrepreneurs are feeling a lot of change. As the industry becomes more diverse and the pace of change accelerates, I […]
CEO of a global financial company “There is no concern about the soundness of the Korean financial system on Wall Street”
Money Today New York (USA) = Reporter Park Kwang-beom | 2023.04.12 11:00 “Three major factors, fragmentation, national debt, and the credit crunch, can act as global risks” Deputy Prime Minister Kyung-ho Choo met with former Citigroup Vice Chairman William Rose to mark the 70th anniversary of the ROK-US alliance Deputy Prime Minister and Minister of […]
Kyong-ho Choo “US IRA uncertainty still exists…Continuation of consultations across government”
230405 Deputy Prime Minister Choo Kyung-Ho – Foreign Economy Ministers Meeting – Seoul Government Complex (3) 0 Deputy Prime Minister and Minister of Strategy and Finance Chu Kyung-ho speaking at the ‘232nd Meeting of Foreign Economy Ministers’ held at the Seoul Government Center on the 5th. / provided = The Ministry of Finance Deputy Prime […]
Kyung-Ho Choo, who met with the IMF, “The recovery of the Korean economy will be strengthened in the second half”
Deputy Prime Minister and Minister of Strategy and Finance Choo Kyung-ho had a meeting with International Monetary Fund (IMF) Senior Vice President Gita Gopinath on the 31st and said that the Korean economy would show signs of recovery in the second half of the a year. Senior Vice President Gopinath visited Korea to expand communication […]
Semiconductor Tax Credit Reform… Likely to pass in February
[아시아경제 세종=이동우 기자] Attention is focused on whether the amendment to the Special Taxation Limitation Act (Special Taxation Act), which increases the tax credit rate for investments in national strategic technologies such as semiconductors by up to 25%, will be passed in the extraordinary National Assembly next month. . According to related ministries on the […]
Kyung-ho Choo “Investment tax credit, not a problem with a particular large company … Introduce the bill at the end of January”
Deputy Prime Minister Choo Kyung-ho greets with a glowing expression [사진 제공: 연합뉴스] Deputy Prime Minister and Minister of Strategy and Finance Choo Kyung-ho said that investment tax credits are not a problem limited to some large companies. Deputy Prime Minister Chu, who met with reporters at the Sejong Government Complex today, pointed out that […]
Kyong-ho Choo “The new year’s electricity and gas rate increases will be significant… Reducing the burden on vulnerable people”
Deputy Prime Minister and Minister of Strategy and Finance Choo Kyung-ho said on the 27th, “We have no choice but to raise electricity and gas rates.” He emphasized, “We will announce how much the electricity rate will be raised in the first quarter of next year.” Regarding the gas rate, “We are watching the LNG […]
In the morning, the floor leaders of the ruling and opposition parties, ‘budget negotiations’ ‥ “There are only two issues left, like corporate tax”
The ruling and the opposition parties continued their discussions regarding the handling of next year’s budget this morning, but they could not narrow their differences on the main issues included in the mediation plan of the Speaker of the National Assembly. Ho-young Joo, floor leader of People’s Power, and Hong-geun Park, floor leader of the […]
