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 […]
“Kim & Chang, 24 people in all of the National Tax Service for 10 years… 6 times increase in salaries”
Rep. Kim Hoe-jae analyzed data from the Korea Health Corporation… “We need to systematically block all civil service.” From 2012 to 2021, all 100 employees from 6 economic ministries were transferred to Kim & Chang. Financial Supervisory Service 30 people, National Tax Service 24 people, Bank of Korea 17 people, Fair Trade Commission 14 people, […]
“Inheritance and gift tax deductions need to be increased”… ‘Caution’ on tax change
□ Public Hearing on ‘Inheritance/Gift Tax System Reorganization Plan’, Korea Institute of Taxation and Finance Seong-oh Kwon, Associate Research Fellow, “There has been no significant change in the tax rate system and deduction system for over 20 years… Increased tax burden” “Gift tax, introduction of annual basic deduction system and design review of integrated deduction […]
The government reviews the extension of the application period for the minimum corporate tax rate
Discussions on corporate tax reform are taking shape. It is known that the government is considering expanding the target of the minimum tax rate after the government proposed on the 16th that it would cut the top corporate tax rate to 22% and simplify the taxation section in the new government’s economic policy direction. According […]
The Ministry of Land, Infrastructure and Transport, the Ministry of Justice, the National Tax Service, and the Customs Service launched the first planned investigation of foreign real estate speculation
1,145 suspicious cases of speculative transactions between 2020 and May 2022 Investigation conducted until September, results announced in October Produce statistics on foreign housing ownership from next year Amendment to the Act on ‘Designation of Foreign Trade Permit Zone’ A government-wide planned investigation is carried out on speculative real estate transactions by foreigners. This planned […]
Meeting with Korea General Liquor Wholesale Business Federation and Hite Jinro Branch of Daejeon Headquarters of Cargo Solidarity
The Korea Federation of Liquor Wholesalers (Chairman, Seok-Hong Lee) had a meeting with Jin-Soo Lee, Deputy Manager of Hite Jinro Branch 1st Branch of Daejeon Headquarters, and Byeong-Jin Choi, Organization Manager at the conference room of the National Federation on the 16th. The Cargo Solidarity canceled the strike by agreeing to continue promoting the safe […]
Introduced ‘special deduction of 300 million won’ for one-family, one-family property tax for one time this year
New government economic policy direction Reform plan for property tax, etc. to be finalized next month LTV, 80% regardless of region, price, or income… Loan limit of KRW 6 billion The government announced the direction of the new government’s economic policy on the 16th, and also disclosed the direction of tax reform related to housing […]
Notes on reporting overseas financial accounts this month
Up to 20% fine for non-reporting within the deadline Criminal punishment and disclosure of personal information in case of violation of report exceeding 5 billion won Reduction of fines for negligence by up to 90% when reporting amendments or reporting after the deadline National Tax Service builds ‘foreign income and asset integrated management system’… Detailed […]
The new head of the Financial Supervisory Service, Lee Bok-hyeon, former chief prosecutor… Kang Seok-hoon as Chairman of Korea Development Bank
Financial Supervisory Service nominee” width=”150″ xtype=”photo”/> Korea Development Bank Chairman nominee” width=”160″ xtype=”photo”/> Lee Bok-hyeon, former head of the 2nd Criminal Division of the Seoul Northern District Prosecutors’ Office, was appointed as the first head of the Financial Supervisory Service by the Yoon Seok-yeol government. Sungshin Women’s University professor Kang Seok-hoon was selected as the […]
Fair Trade Commission fines SKC for ‘holding stocks of affiliates other than sub-subsidiaries’
The Fair Trade Commission announced on the 7th that it has decided to impose a correction order and a fine of 36 million won for SK Corp., a subsidiary of SK Corp., for violating the restrictions on subsidiaries under the Fair Trade Act. According to the Fair Trade Commission, SKC, a subsidiary of a general […]
