(Photo=Pixabay) South Korea's finance minister announced Monday the government will scrap plans to significantly lower the threshold for taxing stock gains by wealthy investors, a reversal that reflects concerns about capital flight from one of Asia's major equity markets. Deputy Prime Minister Koo Yoon-cheol said the government will maintain the current $3.6 million ownership threshold that determines when investors face

(Photo=Glennfarne) The Trump administration is accelerating efforts to bring South Korean investment into the long-delayed Alaska LNG project, a $46.1 billion energy infrastructure initiative designed to boost American exports to Asia and support jobs in Alaska's declining fossil fuel sector. POSCO International, one of South Korea's largest trading and energy firms, signed a preliminary agreement with Glenfarne Group on January

Photo=Hyundai Motor Group Hyundai Motor Group Chairman Chung Euisun expressed relief after learning that hundreds of Korean workers who had been detained by U.S. immigration authorities were being released and returning home. Speaking at a Detroit conference on September 11, Chung said, “I was truly concerned about that incident. I felt relieved to hear the news that they are safely

Photo=Motionelements South Korea’s benchmark KOSPI index surged to another all-time high on September 11, closing at 3,344.20 points, up 0.90% from the previous day. It was the index’s eighth straight day of gains and its second consecutive record close, marking the first time it has broken through the 3,340-point threshold. Analysts say the rally is being fueled by a mix

(Photo=Samsung) Samsung Electronics Chairman Lee Jae-yong, better known internationally as Jay Y. Lee, has seen his fortune soar to $12.9 billion after a sharp rally in Samsung shares during the first 100 days of South Korea’s new administration under President Lee Jae-myung. The value of Lee’s holdings rose by $1.09 billion as Samsung Electronics stock jumped 27%, reflecting investor optimism