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Tag: South Korea

Posted on February 7, 2025

Alchemy Pay gains South Korea e-finance registration with EZPG deal

Through this partnership, Alchemy Pay enhances its capabilities to support the ‘seamless’ exchange of crypto assets.
Posted on February 7, 2025

Commander of South Korean special forces unit says he was asked to help Yoon’s martial law bid

SEOUL: The commander of a crack South Korean special forces unit told a court on Thursday (Feb 6) he had been asked by a superior officer how to cut electricity to parliament during last year’s failed
Posted on February 6, 2025

Carmaker Kia becomes latest global firm to face tax trouble in India

Indian tax authorities have sent a confidential notice to South Korean car maker Kia Motors accusing it of evading millions of dollars in taxes. The amount could be as high as $155m (£125m) and the …
Posted on February 6, 2025

South Korea’s SK Innovation expects 2025 refining margins to remain flat

SK Innovation Co Ltd, owner of South Korea’s top refiner SK Energy, said it expects refining margins to remain flat in 2025 due to rising jet fuel demand, despite production increases expected in countries such as the U.
Posted on February 6, 2025

South Korea’s Industry Ministry Temporarily Bans Access to DeepSeek on Security Concerns, Official Says

SEOUL (Reuters) – South Korea’s industry ministry has temporarily banned employee access to Chinese artificial intelligence startup DeepSeek due to security concerns, a ministry official said on …
Posted on February 5, 2025

South Korea’s ex-defence minister calls protesters who stormed court ‘patriots’

A former South Korean defence minister charged with insurrection over his role in a short-lived martial law declaration has praised protesters who stormed a court over last month’s decision to extend …
Posted on February 5, 2025

Editorial: South Korea should strengthen ties in U.S.-Japan-South Korea AI alliance

OpenAI CEO Sam Altman, facing intensifying competition from China’s artificial intelligence (AI) sector, visited South Korea to explore potential collaborations with Samsung Electronics Executive …
Posted on February 5, 2025

Exclusive: India accuses Kia of evading taxes of $155 mln in VW-like dispute

India has accused South Korea’s Kia of evading taxes of $155 million by misclassifying component imports but the carmaker has denied wrongdoing, the latest fight by a foreign automaker with New Delhi …
Posted on February 5, 2025

South Korea Inflation Jumps 2.2% On Year In January

Consumer prices in South Korea were up 2.2 percent on year in January, Statistics Korea said on Wednesday – exceeding expectations …
Posted on February 4, 2025

Trump’s tariff reprieve gives brief respite to Korean firms, but uncertainty lingers

SEOUL: With US President Donald Trump’s long-threatened tariffs on goods from Canada and Mexico paused for a month, South Korean companies operating in these countries breathed a sigh of relief.

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