January 2, 2024

Yoon says he will push to scrap financial investment income tax

President Yoon Suk Yeol said Tuesday he will push to scrap a new tax scheme to help promote investment in the country’s stock market.

Yoon made the remark during a ceremony marking the first trading day of the year, referring to the financial invest…

(LEAD) Seoul shares end higher on tech gains on 1st day of 2024

Seoul shares closed higher Tuesday, the first trading day of the year, helped by tech gains and an improving global appetite for risky assets. The Korean won fell against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) rose …

Military launches probe into death of officer in UAE

The military has launched an investigation into the death of a young officer of an overseas military contingent in the United Arab Emirates (UAE) this week, officials said Tuesday.

The 24-year-old was initially found unconscious on the rooftop of th…