Korea

SEOUL, June 25, 2024 – South Korea is grappling with a significant corporate tax shortfall, as revealed in a recent report by the National Tax Service (NTS). Despite a record number of corporate tax filings, the actual tax revenue has plummeted, raising concerns about a potential tax revenue deficit for the current year. The NTS report, released on June 24, highlighted that the number of corporations filing taxes reached an unprecedented 1.031 million last year, marking the first time the figur

Seoul, June 23, 2024 - As the world commemorates the 74th anniversary of the Korean War, KFN (Korean Forces Network) presents a special documentary titled "Heroes of Asia - Little Tiger and Conrado Yap." This tribute will air on June 25, 2024, at 9:00 AM, highlighting the remarkable contributions of Thai and Filipino soldiers who fought for South Korea's freedom and peace. The documentary focuses on two notable figures: "Little Tiger," a nickname given to the brave Thai soldiers who fought at P

The recent controversy surrounding Naver's Line platform has ignited significant debate and criticism. Following a major data breach, the Japanese government has pressured South Korean tech giant Naver to reduce its stake in Line, citing security concerns. However, this move raises questions about Japan's true motives and the broader implications for digital sovereignty and international business relations. Line is not just any messaging app; it is a cornerstone of digital life in Japan and oth

Seoul, May 28, 2024 – The Ministry of Culture, Sports and Tourism (MCST) of South Korea has announced an ambitious plan, the "Digital Transformation Era: Overseas Promotion Plan (2024-2027)," aimed at enhancing the nation's global image. While this initiative seeks to leverage digital innovations and strategic communication, a critical analysis suggests that a state-led approach may not be the most effective means of cultural diplomacy in today's interconnected world. One major criticism of sta

Seoul, South Korea – As South Korea faces a stark demographic decline, particularly within its aging coastal communities, the Ministry of Oceans and Fisheries unveiled a bold initiative on May 13, 2024, aimed at revitalizing the nation's fishing villages and coastal areas. With the introduction of "Marine Life Zones," the government seeks to blend economic vigor with coastal charm, striving to turn the tide on years of population decrease and economic stagnation. South Korea’s fishing communiti

In an era where cultural exports are increasingly becoming a cornerstone of national soft power, South Korea's Hallyu, or the Korean Wave, stands out as a prime example of how art and entertainment can transcend borders, influencing perceptions and fostering a global community of enthusiasts. The Ministry of Culture, Sports and Tourism of South Korea, in collaboration with the Korean Foundation for International Cultural Exchange, has unveiled findings from an expansive survey, casting light on

Seoul, South Korea – In a significant development for South Korean workers abroad, the Korea-Philippines Social Security Agreement will come into effect on April 1, 2024, offering them an exemption from local pension insurance premiums for up to eight years while working in the Philippines. This landmark agreement marks a new chapter in the labor and social security cooperation between South Korea and the Philippines, aimed at reducing the financial burden on expatriate workers and enhancing the

In an inspiring rebound from the shadows of the pandemic, South Korea's rural landscapes are once again bustling with activity as more Koreans are drawn to the serenity and authentic experiences offered by the countryside. The latest survey conducted by the Rural Development Administration (RDA) sheds light on the burgeoning trend of rural tourism, revealing significant growth in the number of domestic visitors to the countryside and highlighting the evolving preferences and behaviors of travele

In a decisive move to address the healthcare workforce shortage and counter the collective dissent among physicians, the South Korea government has expedited the process of distributing 2,000 additional medical school seats across the nation's universities. Originally set to finalize the allocation by mid-April, the government has pushed the timeline forward, aiming to complete the process by the next month. This strategic acceleration highlights the government's commitment to strengthening the

The Ministry of Culture, Sports and Tourism of South Korea (MCST), in collaboration with the Korean Copyright Commission, announced the establishment of the "2024 AI-Copyright System Improvement Working Group." The initiative aims to proactively address copyright issues emerging in the era of artificial intelligence (AI) and to develop concrete policy alternatives for key discussion points. Following the operation of the "2023 AI-Copyright System Improvement Working Group," the MCST published a

South Korea finds itself at the heart of a heated debate as the government announces plans to significantly increase the number of admissions to medical schools. This ambitious proposal aims to address the persistent shortage of medical professionals across the nation, particularly in rural and underserved areas, and in critical but less popular fields of medicine. However, the initiative has been met with staunch opposition from the medical community, igniting a controversy that underscores the

In a significant development in the realm of international relations and Asian affairs, former South Korean Foreign Minister Kang Kyung-wha, 68, has been named the 9th president and chief executive officer of the Asia Society. This announcement, made by the organization’s board of trustees on Wednesday, marks a new chapter for the global nonprofit institution renowned for its dedication to fostering understanding between Asia and the United States. Kang, who notably served as Seoul’s top diploma