Land Prices in Korea Experience Lowest Half-Yearly Level in 10 Years, but Show Signs of Recovery in Second Quarter
Land Prices in Korea Show Mixed Trends in the First Half of 2022 In the first half of this year, land prices across the country recorded a modest increase of 0.06%, marking the lowest half-yearly level in the past decade. However, from the second quarter of 2022, there was a reversal in the trend as […]
[연말정산]Credit card deductions, higher deduction rates and double deductions to consider
All employees who earned income last year must make a year-end tax settlement until they are paid wages for February this year. Employees must check income and tax deduction items in advance and carefully prepare the proof of deduction materials and submit them to the company If the National Tax Service provides the proof of […]
‘Chamisul Fresh’ sold the most in history last year… Cumulative sales of 37.5 billion bottles
Hite Jinro announced on the 4th that the sales volume of ‘Chamisul Fresh’, Korea’s representative soju brand, reached an all-time high last year. This is an evaluation that confirms its position as Korea’s No. 1 national soju. Ranked No.1 in sales in the domestic soju market for 16 years, Chamisul Fresh has grown consistently at […]
Yoon Tae-sik, head of the Korea Customs Service, “AEO certification is not an option, but a must”
Korea Customs Service, AEO use case sharing contest… 8 best practices revealed Hyundai Mobis, the ‘grand prize’ of the independent development of the AEO self-management system Company A, which entered Indonesia, was in crisis because it could not meet the delivery date due to customs clearance delays there. Concerned Company A informed the local customs […]
“Corporate tax cuts, helping investment and growth… Implement and evaluate in 2-3 years”
“A vital tool to stimulate the economy” identified by large corporations and rich tax cuts Deferral of financial investment income tax Jill Taen explains “Measures that take account of changes in the market environment” Deputy Prime Minister Choo Kyung-ho objected that the reform of the corporate tax rate system included in this year’s tax reform […]
The top 1% of YouTubers have annual sales of 1.27 billion won… ‘The poor get rich, the rich get rich’ clear
Media content creators and single creators are increasing rapidly The overall market has grown, but average income has fallen Average income of one YouTuber in a year: he earned 8.34 million → he earned 5.75 million The annual income of the top 1% of media content creators such as YouTubers was found to be more […]
“Standard evaluation time is short expression, serious drug prescription … should aim on first prescription”
Four decades have handed due to the fact the complete implementation of the accounting reform, and the governing administration has made the decision to attract up a approach to increase major techniques linked to accounting reform within this year. The corporations and the accounting field fought fiercely with the optimistic evaluation of improving upon accounting […]
The big increase in transport costs… Import and export companies facing logistics costs↑
Korea Customs Service announces July import/export air/shipping cost status They found not only the cost of sea import and export transport using ships, but also the cost of import cargo transport through the integration of aircraft increased sharply. The increase in transport costs by air and ships is a logistical burden for import and export […]
Growth of tariffs on agricultural and livestock items due to Chuseok selling price ‘crisis’ … Maximize the amount of money of imports and goods
Holding the 5th Economic and Welfare Unexpected emergency Conference presided around by President Yoon Seok-yeol Introduced a quota tariff of 92,000 tonnes of onions… 50% → 10% Potatoes and modified starch, % tariff applies until finally the close of the 12 months Immediately import Chinese cabbage, supply to kimchi processing companies, and broaden the application […]
Heat wave, K-food is popular… Ice cream import and export record high in the first half
Due to the global heat wave, the ice cream import and export market is reaching new highs every year. According to the ice cream import and export trend announced by the Korea Customs Service on the 26th, ice cream exports in the first half of this year recorded $50 million, an increase of 14.0% compared […]
