SUWON, South Korea– Prosecutors on Tuesday indicted the mayor of Seongnam, south of Seoul, on charges of providing special favors to a police officer in return for receiving insider information about a police investigation into her alleged violation o…
Read MoreDay: November 30, 2021
Top scorer among 4 candidates for K League MVP award
SEOUL– Jeju United striker Joo Min-kyu, on the verge of becoming the first homegrown K League 1 scoring champion in five years, has been nominated for the league’s top individual award.The Korea Professional Football League on Tuesday unveiled candida…
Read MoreNational Assembly eases capital gains tax exemption limit on home sales
SEOUL– The National Assembly on Tuesday approved a revision to the Income Tax Act that calls for easing a threshold of capital gains tax exemption on real estate sales for those with only one home.The bottom limit of the assessed value of real estate …
Read MoreState-run KDB considers selling shipping line HMM ‘in phases’
SEOUL– The head of the state-run Korea Development Bank (KDB) said Tuesday that the bank is considering selling its stake in HMM Co. “in phases” as part of efforts to privatize the once-embattled shipping line.The KDB is the main creditor and largest …
Read MoreAssembly eases capital gains tax exemption limit on home sales, delays virtual asset taxation
SEOUL– The National Assembly on Tuesday approved a revision to the Income Tax Act that calls for easing a threshold of capital gains tax exemption on real estate sales for those with only one home.It also passed a bill on postponing the planned taxati…
Read MoreFirst suspected case of omicron variant detected in S. Korea
SEOUL– The first suspected case of the omicron variant of COVID-19 has been detected in South Korea, health authorities said Tuesday, as the nation tightened its entry restrictions for the African region to prevent it from spreading into the country.H…
Read MoreArrest warrant again sought for prosecutor linked to opposition’s political meddling scandal
SEOUL– An arrest warrant was again sought on Tuesday for a sitting prosecutor accused of conspiring with the main opposition party to investigate key ruling camp officials last year when main opposition presidential candidate Yoon Seok-youl was in off…
Read MorePetkim’s revenues reached record high level this year – SOCAR Turkey CEO
Revenues of Petkim, a subsidiary of SOCAR Turkey, have reached record high level since early 2021, Director General of SOCAR Turkey Zaur Gahramanov said at a press conference for representatives of the Azerbaijani media, Trend reports on Nov. 30.Accord…
Read MoreS. Korea in talks with Egypt to export K-9 self-propelled howitzers
CAIRO/SEOUL– South Korea is in talks with Egypt to export K-9 self-propelled howitzers, industry officials said Tuesday, raising the prospects for the artillery system’s first entry into the Middle Eastern and African market.The negotiations are under…
Read MoreNo ICBM launch anniversary in N. Korea’s 2022 calendars: Seoul official
SEOUL– North Korea’s new calendars for next year have not marked its 2017 launch date of a new intercontinental ballistic missile (ICBM) as an anniversary unlike this year’s, a unification ministry official said Tuesday.South Korea has been monitoring…
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