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News
House Republicans Weigh Stripping Crypto Mining, Staking Tax Provisions — BigGo Finance
1+ hour, 1+ min ago (248+ words) House Republicans are reportedly discussing removing tax provisions related to mining and staking from a digital assets tax bill. Ahead of the bill's scheduled review this Wednesday, Republican members of the House Ways and Means Committee are weighing whether to…...
Seoul Apartment Land Transaction Permit Applications Fall for Fourth Straight Month to Lowest Since October Designation — BigGo Finance
5+ hour, 6+ min ago (616+ words) New land transaction permit applications for Seoul apartments totaled 3,012 in August, the lowest level since the entire city was designated a permit zone last October. Applications have now declined for four consecutive months after peaking at 8,896 in April. The Seoul…...
Hyundai Motor's 9 Trillion Won Investment Poised to Break Saemangeum's 35-Year Stagnation — Shift to Public-Led Development, Next Year's Budget at 222.2 Billion Won — BigGo Finance
1+ hour, 13+ min ago (650+ words) The Saemangeum Development and Investment Agency is shifting its development approach from private investment-led to public-led after 35 years of delays, with a comprehensive overhaul of land-use plans. Hyundai Motor Group plans to invest 9 trillion won (approximately $6.7 billion) by 2029 to build…...
LG CNS Receives Appreciation Award from Indonesia's Tax Authority; Expands into AI-Driven Tax Administration Upgrades — BigGo Finance
2+ hour, 7+ min ago (472+ words) LG CNS, the IT services arm of South Korea's LG Group, has received an appreciation award from Indonesia's Directorate General of Taxes in recognition of its work building and stabilizing Coretax, the country's next-generation tax administration system. Coretax integrates previously…...
Samsung Biologics' 3 Trillion Won Rights Offering Clears South Korean Regulator Without Correction Requests — BigGo Finance
2+ hour, 8+ min ago (307+ words) According to the FSS's electronic disclosure system on the 14th, the securities registration statement submitted by Samsung Biologics on the 28th of last month took effect that day. The company voluntarily submitted an amended registration statement on the 11th to supplement investment risk…...
Fed Rate Meeting Kicks Off This Week: First Rate Hike of the Warsh Era Tests His Credibility — BigGo Finance
2+ hour, 10+ min ago (443+ words) According to CME Group's interest rate futures data, markets are currently pricing in an over 85% probability of a quarter-point (0.25 percentage point) rate hike this week, up sharply from 72.4% before last week's Consumer Price Index (CPI) release. This shift underscores how…...
South Korea's National Tax Service Launches Audits of 41 Firms Ahead of Chuseok; Suspected Tax Evasion Tops ₩1 Trillion (approximately $744 Million) — BigGo Finance
2+ hour, 18+ min ago (932+ words) South Korea's National Tax Service has launched tax audits of 41 market-disrupting businesses accused of inflating costs and shifting price burdens onto consumers ahead of the Chuseok holiday. The targets include 11 egg producers and other agricultural and livestock companies, 12 grain and…...
South Korea's Nationwide Farmland Survey Flags 2.84 Million Parcels for Suspected Law Violations; Government Allocates ₩886.8 Billion for Buybacks Next Year — BigGo Finance
2+ hour, 53+ min ago (281+ words) The Ministry of Agriculture, Food and Rural Affairs has been conducting the nationwide survey since May. Under the current Farmland Act, farmers or agricultural corporations that acquire farmland are in principle required to cultivate the land directly, and the law…...
Lexus ES Goes Electric for the First Time in South Korea — Pre-Orders Open with BEV Priced Below Hybrid — BigGo Finance
3+ hour, 1+ min ago (310+ words) Lexus's flagship premium sedan, the ES, is entering the South Korean market with its first-ever battery electric vehicle (BEV) lineup following a full eighth-generation redesign. Lexus Korea announced on October 14 that pre-orders for the "All-New ES" are now open at…...
UBTECH's Liuzhou Super Smart Factory Begins Production, World's First 10,000-Unit-Class Humanoid Robot Production Line — BigGo Finance
3+ hour, 3+ min ago (660+ words) UBTECH (09880.HK) officially commenced production at its industrial humanoid robot super smart factory in Liuzhou, Guangxi, on September 12, making it the world's first manufacturing base of its kind with an annual planned capacity exceeding 10,000 units. The facility spans 14,000 square meters…...