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Economy
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"Inflation Should Be Reflected in Taxable Income and Deduction Amounts"…18-Year-Old Debate on Income Tax Reform
As prices and wages rise, the taxable income base for income tax has remained stagnant for a long time, leading to concerns that workers' tax burdens are effectively increasing. Experts suggest that t...
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"Are Salary Earners Just Beasts?" Lee Raised the Issue Last Year... 100 Trillion Won to Be Collected Next Year
Status of Income Tax Taxable Base and Tax Rates / Graphic=Yoon Seon-jeong President Lee Jae-myung posted an article titled "Are Salary Earners Just Beasts?" on Facebook in February last year during hi...
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Even earning 100 million won, "Is this all the money in my bank account?"... The trap of the 'quiet tax hike' at 88 million won
Commuters moving to work at the Gwanghwamun intersection in Jongno-gu, Seoul./Photo=NEWSIS With per capita Gross National Income (GNI) expected to exceed $40,000 this year, tax revenue from employment...
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Semiconductor boom lifts government's economic outlook: 'recovery continues'
Containers are piled up at the Incheon New Port Container Terminal in Yeonsu-gu, Incheon./Photo provided by NEWSIS The government’s economic diagnosis continues to show a positive trend. It assesses t...
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Investor backlash sinks planned ISA revamp as accounts near 10 million
ISA reform proposal at the time of the tax reform plan announcement on August 3, 2026 /Graphic=Lee Ji-hye The government's plan to revise the ISA (Individual Comprehensive Asset Management Account) co...
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Bank of Korea weighs additional rate hike: 'Asserting October increase premature'
[Seoul=NEWSIS] Park Jong-woo, Deputy Governor of the Bank of Korea, speaks at a briefing on the Monetary and Credit Policy Report (September 2026) held at the Bank of Korea in Jung-gu, Seoul, on the 1...
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Bank of Korea: "Asserting an October interest rate hike is unwarranted... Nominal income levels match those of the high-growth era"
[Seoul=NEWSIS] Park Jong-woo, Deputy Governor of the Bank of Korea, speaks at a briefing on the Monetary and Credit Policy Report (September 2026) held at the Bank of Korea in Jung-gu, Seoul, on the 1...
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Nominal growth rate exceeds 20% amid semiconductor boom… Bank of Korea warns of risks in prices and financial imbalances
The Bank of Korea projected that the sharp rise in the nominal growth rate driven by the semiconductor boom will support consumption recovery through increased investment, wages, and tax revenues. How...
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The workplace is getting hotter by the day… Work-related heat illness claims have quadrupled in five years
Minister of Employment and Labor Kim Young-hoon visited Gimpo Airport in Gangseo-gu, Seoul, on the 8th to directly inspect compliance with the five basic heat safety rules. /Photo=NEWSIS. As heatwaves...
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Two months, a drop of 220 won... Won/dollar exchange rate in the 1,330-won range, lowest in 23 months
[Seoul=NEWSIS] Reporter Song Seong-woo = The won/dollar exchange rate closed at 1,336.1 won per dollar on the 9th, marking the end of weekly trading. A digital board outside the Hana Bank dealing room...
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Will 2 million platform workers be protected by a 'minimum wage'? Concerns also raised over burden on small business owners and consumers
A delivery worker delivers lunchtime meals on a street in Jongno-gu, Seoul. August 5, 2026/NEWS1 Copyright © NEWS1. All rights reserved. Unauthorized redistribution and republication, and use for AI t...
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Ministry of Employment and Labor Pushes to Apply 'Minimum Compensation' to Platform Workers… Begins Fact-Finding Survey
Delivery riders move around in Sinchon, Seodaemun-gu, Seoul. August 8, 2026. [email protected] /Photo=NEWSIS The government has launched a fact-finding survey to apply "minimum compensation" to new...
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"Full of dark circles, stayed up all night but it was rewarding"…Visiting LG U+'Hackathon' [Report]
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[Wobo-se: Why Researchers Hesitate to Break Free from Startup Chains]
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"One-Button AI from Services You Already Use"...KT's Strategic Move with "i-um Inside"
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A 'Shin Dong-bin Hall' is born at KAIST… Lotte Group donates 10 billion won to inaugurate 'R&D Center'
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"A generous feast for Chuseok," but instead... a changed holiday scene
in ECONOMY
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Won/dollar falls for sixth day… hits 1,380 won intraday amid shareholder return and 'bet on won appreciation'
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Semiconductor boom lifts government's economic outlook: 'recovery continues'
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Second-quarter nominal GNI up 26.4%... Per capita national income to exceed $40,000
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"Inflation Should Be Reflected in Taxable Income and Deduction Amounts"…18-Year-Old Debate on Income Tax Reform
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"Are Salary Earners Just Beasts?" Lee Raised the Issue Last Year... 100 Trillion Won to Be Collected Next Year