Chinese e-commerce growth stalls in South Korea

Chinese e-commerce players’ rapid expansion into the South Korean online retail market is losing steam as their bang-for-the-buck products hav...

Korea Inc. to face refunding risks with record corporate bond maturities

South Korean companies are expected to face refunding risks thanks to record corporate bond maturities in the first half of 2025, as fundraising con...

Korea tightens rules on Netflix, Spotify subscription billing

South Korea’s antitrust body is slated to tighten the leash on subscription businesses of streaming service providers such as Netflix Inc. and...

Korea issues $10.75 bn in refund guarantees to shipbuilders

South Korean banks and state-run financial institutions will issue $10.75 billion worth of refund guarantees (RGs) to domestic shipbuilders, which t...

S.Korea gov’t urges caution on using Vietjet Air, AirAsia

South Korean consumers have witnessed a substantial rise in complaints related to Vietjet Air and AirAsia, popular low-cost carriers used for trav...

S.Korea's E-Mart24 provides VAT refund service for foreign visitors

E-Mart24 Inc., the convenience store chain unit of Shinsegae Inc. Group, announced on Tuesday that it will resume the value-added tax (VAT) refund s...

S.Korean startup Jobis&Villains expands to UK with tax return service

Jobis&Villains Corp., a South Korean startup that offers a tax return service called “3o3,” said on Friday that it had set up a loca...

CU to make instant VAT refund for foreign customers

BGF Retail, a franchiser that operates convenience store chain CU, said on Tuesday that it would implement an instant VAT refund service for foreign...

Jobis&Villains selected as beneficiary of UK venture support program GEP

South Korea's Jobis & Villains Corp., which operates the tax return service "3o3," announced on Thursday that it has been officially registered ...

Korea's NPS to get partial tax refund on US real estate sales

South Korea’s National Pension Service (NPS) is set to receive a tax refund of 30 billion won ($22.4 million) from the US Internal Revenue Ser...

Mirae Asset ends $3 bn IFC deal with Brookfield, seeks deposit refund

Mirae Asset Global Investments Co.’s planned purchase of the International Finance Center in Seoul worth 4.1 trillion ($3 billion) from Canada...