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South Korea Abandons Plan to Tighten Stock Tax on Wealthy Investors

South Korea Abandons Plan to Tighten Stock Tax on Wealthy Investors

(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

Sep 15 2025
11:00 AM PDT
Trump Administration Pushes Korea Toward $46.1 Billion Alaska LNG Project to Bolster U.S. Energy Exports

Trump Administration Pushes Korea Toward $46.1 Billion Alaska LNG Project to Bolster U.S. Energy Exports

(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

Sep 15 2025
09:00 AM PDT
Hyundai Chairman Chung Euisun Expresses Relief as Detained Korean Workers Return, Reaffirms U.S. Commitment

Hyundai Chairman Chung Euisun Expresses Relief as Detained Korean Workers Return, Reaffirms U.S. Commitment

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

Sep 14 2025
12:00 PM PDT
KOSPI Breaks New Records, Driven by Chip Boom and Investor-Friendly Reforms

KOSPI Breaks New Records, Driven by Chip Boom and Investor-Friendly Reforms

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

Sep 14 2025
11:00 AM PDT
Samsung Chairman’s Wealth Jumps to $12.9 Billion Amid Stock Rally Under New Korean Leadership

Samsung Chairman’s Wealth Jumps to $12.9 Billion Amid Stock Rally Under New Korean Leadership

(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

Sep 13 2025
10:00 AM PDT