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News
South Korea's Deputy PM Nominee Lee Hyung-il Faces 'Non-Resident Single Home' Controversy — Comprehensive Real Estate Tax and Expansionary Fiscal Policy Battles Expected at Confirmation Hearing — BigGo Finance
2+ hour, 58+ min ago (210+ words) Regarding this, Lee expressed the view that "establishing a residence-centered housing market is a firm principle with clear direction." Under the original plan announced on the 3rd of last month, next year's calculated tax would have reached ₩15.365 million. However, as the…...
Seoul Mayor Oh Se-hoon: Seoul Home Prices Rise for Record 86 Straight Weeks — Calls for Full Policy Overhaul — BigGo Finance
2+ hour, 56+ min ago (959+ words) Seoul Mayor Oh Se-hoon on the 13th called for a full-scale review of the government's real estate policy, noting that Seoul apartment prices have risen for 86 consecutive weeks, breaking the all-time record. He pointed out that the cumulative increase in Seoul…...
Yunjin Partners' DSK Acquisition Falls Through Again — 15.7 Billion Won Deposit at Risk of Forfeiture — BigGo Finance
10+ hour, 58+ min ago (408+ words) Private equity firm Yunjin Partners' acquisition of KOSDAQ-listed DSK has been stalled for over a year. The 66.6 billion won balance payment scheduled for the 9th fell through once again, and this time no extension agreement was reached with the seller, putting…...
South Korea's FSC Opens Q3 Innovative Financial Service Applications July 14–30 — BigGo Finance
4+ hour, 58+ min ago (437+ words) South Korea's Financial Services Commission (FSC) will accept regular applications for the third-quarter designation of Innovative Financial Services from July 14 through July 30 at 6 p.m. Companies seeking designation can submit their applications through the Financial Regulatory Sandbox website. Submitted applications will be…...
South Korea's National Tax Service to Calculate Optimal Comprehensive Real Estate Tax for Jointly Owned Single Homes — BigGo Finance
7+ hour, 28+ min ago (224+ words) NTS Commissioner Lim Kwang-hyun announced the launch of this service through his social media on the 13th. According to the NTS's internal analysis, approximately 5,700 taxpayers would benefit from applying for the special provision this year, while about 2,900 taxpayers would be better…...
South Korean Prosecutors Summon MBK Partners Chairman Kim Byung-ju Again Over Homeplus Fraud Allegations — BigGo Finance
4+ hour, 26+ min ago (645+ words) South Korean prosecutors have re-summoned MBK Partners Chairman Kim Byung-ju for questioning over alleged bond fraud at Homeplus. This marks the first investigation since the case was reassigned to the Anti-Corruption Investigation Division 2 following the rejection of an arrest warrant…...
Korean Won Posts 15% Gain in Q3, Topping Major Currencies by Wide Margin — BigGo Finance
2+ hour, 16+ min ago (556+ words) The South Korean won has posted the steepest appreciation among 20 major currencies in the third quarter, with its gain against the dollar exceeding 15%—roughly three times that of the Japanese yen, the second-best performer. The won's standout rally came even…...
Skyfall to List on Tokyo Stock Exchange Growth Market on Sept. 17, Eyes Overseas Expansion with Reward Advertising — BigGo Finance
2+ day, 11+ hour ago (162+ words) Skyfall, a Tokyo-based operator of performance-based reward advertising platforms, will make its debut on the Tokyo Stock Exchange Growth Market on September 17. SBI Securities will serve as the lead underwriter. The platform handles a broad range of advertising campaigns spanning…...
South Korea's Rental Income Tax Rules Face Scrutiny as Jeonse vs. Wolse Creates Unequal Treatment — BigGo Finance
2+ day, 2+ hour ago (610+ words) The National Assembly Research Service has flagged equity concerns in South Korea's housing rental income tax system as a key issue for the Ministry of Economy and Finance during the 2026 National Assembly audit. The current structure taxes the same property…...
Bank of Korea, Korean Statistical Society Seek Ways to Ensure Economic Data Reliability in the AI Era — BigGo Finance
2+ day, 3+ hour ago (578+ words) The Bank of Korea and the Korean Statistical Society co-hosted a forum on September 11 at the Bank of Korea's annex building in Seoul to discuss strategies for maintaining the reliability of economic statistics amid the rapid advancement of AI and…...