The government will continue to pursue regulatory reforms and thoroughly review policy suggestions that the American Chamber of Commerce in Korea (AMCHAM) sent to President Yoon Suk Yeol in February, in order to convince multinational companies to relocate their Asia-Pacific headquarters to Korea from Singapore and Hong Kong, the trade minister said Tuesday.
Proposed bill: Partial Amendment to the Customs Act Proposed by Rep. Jin Sun-mee (Democratic Party of Korea) ● The alarming increase in the degree of brokerage fees paid by duty-free shop operators to promote the sales of their bonded goods has caused concern over the profitability and competitiveness of the duty-free industry. This amendment limits such brokerage fees to a level set by presidential decree, but with.
When President Yoon Suk Yeol made a surprise visit to Ukraine on July 15, the main opposition Democratic Party of Korea (DPK) criticized him over the trip taken while a flooding crisis was unfolding at home. Now, the party is facing similar criticism for its own lawmakers traveling overseas.
An additional seven lawmakers of the main opposition Democratic Party of Korea (DPK) began a visit to China on Thursday as tensions are running high between the two countries after Chinese Ambassador Xing Haiming made remarks denounced as disrespectful to Korea.