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The National Assembly is currently discussing providing tax breaks to companies hosting esports events in Korea. This follows the recent League of Legends (LoL) World Championship in Seoul, which reportedly generated hundreds of billions of won in economic benefits. ....
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. ....
South Korea’s private spending remains in a protracted slump, while a growing number of people go on overseas trips, particularly to Japan, where they tend to spend more generously, offering a contrasting snapshot of the country’s consumption trends. Korea’s domestic private consumption stood at $206.53 billion in the second quarter, down $5.25 billion or 2.47 percent from the previous quarter, acco. ....
[Editorial] Tackle slow private spending koreaherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreaherald.com Daily Mail and Mail on Sunday newspapers.
South Korea's per-capita gross domestic product fell by the most among major economies after Japan and Sweden last year, data showed Wednesday. The country's per-capita GDP dropped 8.2 percent on-year to come to $32,142 in 2022, according to the data analyzed by the Bank of Korea based on reports of the Organization for Economic Cooperation and Development and the World Bank and released by Rep. Jin Sun-mee. ....