LocknLock, once South Korea’s top airtight container brand, is a well-known example of a company that struggled after being sold due to inheritance tax. Founded in 1978, LocknLock became popular in …
China’s technology shares are sizzling. Just ask South Korean investors
“China’s tech share sector has been booming since the start of this year, beginning with the rise of new concepts fostered by star company DeepSeek,” Haitong Securities said in a note. “Investor …
Amid new Trump era, South Korea considers ‘plan B’ – building its own nuclear weapons
South Korea’s foreign minister told the country’s legislature Wednesday that developing nuclear weapons is not off the table
Navy Supply Ship Completes First Large-Scale Maintenance at South Korean Shipyard
A Lewis and Clark dry cargo ship departed Hanwha Ocean’s Geoje shipyard on Wednesday, marking the completion of South Korea’s first maintenance, repair and overhaul (MRO) service of an American naval vessel amid the Navy’s efforts to find yards in the Indo-Pacific to repair ships in theater.
Paradise Co to invest nearly US$400mln to build new Seoul hotel, announces financing
Paradise Co Ltd, an operator in South Korea of foreigner-only casinos, announced on Wednesday a plan to invest KRW575.0 billion (US$396.4 million) to build a new hotel in eastern Seoul’s Jangchung …
Korea to revamp inheritance tax for 1st time in 75 years
Individual shares to be taxed separately, ending decadesold estate-based system South Korea is planning to overhaul its inheritance tax system in 2028, shifting from a tax on entire estates to a levy …
South Korea’s education spending drops for first time since pandemic
As consumer sentiment weakens, South Korean households are cutting back on education expenses—typically one of the last areas to be reduced. Card spending on education services declined year-on-year …
Warburg Pincus, SK D&D to invest in senior housing in South Korea
Warburg Pincus, SK D&D, and D&D Investment has formed a partnership to invest in the senior housing market in South Korea.
North Korea fires missiles after US, South Korea military drills
The launch happened hours after South Korean and U.S. troops kicked off their large annual combined drills, which the North views as an invasion rehearsal.
Analysis: Can South Korea become alternative to China for global firms?
Yoo Jang-hee, honorary professor at Ewha Womans University in Seoul, said that South Korea should do something to deal with the militant trade union.