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[News Analysis] High inheritance tax fuels chaebol monopoly

Following the death of Hanjin Group Chairman Cho Yang-ho last week, the inheritance tax his bereaved family will have to pay is in the spotlight, with estimates suggesting as much as 200 billion won ($175 million). According to analysts, the ... Read More

AWS aims to expand cloud business into financial sector in Korea

Amazon Web Services on Wednesday pledged to enhance cooperation with its South Korean partners with a focus on the finance industry. With the South Korean government easing regulations on cloud computing businesses in the financial sector this year, AWS said ... Read More

Korea’s biohealth exports grow 13% on-year

The South Korean biohealth industry’s monthly exports surpassed $800 million in March, a 13 percent growth from a year earlier, mainly due to increased shipments to the US and China. Trade Ministry data released Tuesday revealed that Korea exported $111.7 ... Read More

[News Focus] New Trade Minister seeks breakthrough in FTA talks

SEJONG -- South Korea is in negotiations for four different free trade agreements involving 19 countries. The four are talks on a joint agreement with China and Japan (2 countries); with China, Japan, India, Australia, New Zealand and the 10-member ... Read More

Korea to globally standardize 15 hydrogen technologies by 2030

Despite a strong state drive, South Korea does not have any hydrogen technology standardized for global use so far, the government said Wednesday, vowing to make 15 locally developed technologies globally standardized by 2030. According to the Korean Agency for ... Read More

With SKT’s pricing plan release, Korea’s 5G preparations complete

With South Korea’s biggest telecommunications firm SK Telecom unveiling its own pricing plan for 5G services Wednesday, all the mobile carriers have wrapped up preparations for their commercial rollout Friday. During a meeting with reporters in Seoul, SKT became the ... Read More

[Non-memory Korea: 1] Korea’s desperate new mission: Non-memory chip success

After a couple of record-breaking years for the semiconductor sector, pessimistic forecasts have quickly dampened the mood, as memory chips enter a downward cycle, leading South Korea to shift its focus to alternative exports. With Korea’s rickety lead in the ... Read More

S. Korea sees sharper drop in exports than OECD peers

South Korea has seen its exports decline at a steeper rate than other Organization for Economic Cooperation and Development member states, reflecting the contraction in outbound shipments of semiconductors, ships and petrochemical products, data showed Sunday. According to data from ... Read More