Chinese e-commerce giant Alibaba Express announced a consumer protection policy on March 14 that offers unconditional returns and refunds within 90 days for cross-border online purchases. Additionally, it has officially launched a customer service hotline and plans to invest about 1.5 trillion won o
Last year, 540,000 foreign workers received year-end settlements, and the reported tax amount reached a record-breaking 1.2 trillion won (US$915.68 million).The National Tax Service (NTS) announced that the number of foreign workers who filed tax reports was 544,000, and the reported tax amount reac
President-elect Yoon Suk-yeol had a meeting on March 21 with the heads of Korea Enterprises Federation, Federation of Korean Industries, Korea Chamber of Commerce and Industry, Korea International Trade Association, Korea Federation of SMEs, and Federation of Middle Market Enterprises of Korea.“The
South Korea’s four largest cryptocurrency exchanges -- Bithumb, Coinone, Korbit, and Upbit -- has announced a joint initiative to increase anti-money laundering (AML) efforts and foster a healthier trading environment.A hotline dedicated to AML issues will be established amongst the four exchanges’
According to the Bank of Korea, the three Northeast Asian countries of South Korea, China, and Japan are working on a regular meeting among their monetary policy committees so that information and data on the Chinese economy and its uncertainties can be better shared. It is likely that Korea and Jap
The Korean non-governmental organization (NGO) BBB Korea (Chairman Yoo Jang-hee, www.bbbkorea.org), the world’s first NGO that provides actual services and programs about language and culture, announced on Aug. 6 that it will promote the sixth BBB-day campaign called “Creating Incheon Airport Withou
The Ministry of Science, ICT and Future Planning announced on Jan. 15 that it would increase the number of global software companies from 20 to 50 between this year and 2017, while assisting in the growth of promising digital content companies so that Korea can be more competitive in the software in
It has been found that 39.5 Koreans killed themselves per day on average last year. In particular, suicide was the leading cause of death for those in their teens to 30s.Specifically, a total of 14,427 Koreans committed suicide in 2013 and the number increased by 267, or 1.9 percent, from a year ear
Kia Motors, the official automotive partner of FIFA, conducted a handover ceremony today at Arena de Sao Paulo in Sao Paulo, Brazil for the supply of a fleet of official vehicles to ensure the smooth and efficient transportation of teams, officials, delegates and official VIP visitors from all over
Seoul and Pyongyang tested military hotline communications in the West Sea region on September 6. The Ministry of Unification announced on that day that the hotline was opened at 10:51am. The testing was a follow-up measure of the agreement between the two Koreas made on the preceding day at the Int