South Korea may raise property taxes as speculation and prices climb despite government efforts to cool the market. President Lee Jae Myung stated that all policy measures must be used to stop unproductive speculation ahead of the June local elections. Finance Minister Koo Yun-cheol noted that low ownership taxes and high capital gains levies have…
Samsung Electronics introduced its Galaxy XR headset on Wednesday after years of development with Google and Qualcomm. The device weighs 545 grams and lasts 2 hours per charge, competing with the Apple Vision Pro and Meta Quest 3. The headset connects to Google services such as Maps and YouTube via the Android XR platform, powered…
Citigroup’s charitable division awarded JA Korea $500,000 through its Global Innovation Challenge program on Wednesday. The two-year grant will fund career training and financial literacy courses for disadvantaged young people across the country. Citibank Korea selected the local nonprofit after reviewing 50 organizations from multiple nations that address youth unemployment. JA Korea plans to help…
Coway earned top recognition at the Korea International Sommelier Association bottled water competition on Wednesday. The home appliance manufacturer received its first Diamond Prize for maintaining Gold status for six consecutive years in blind taste evaluations. Its award-winning Switch model uses a nanotrap filter with electrostatic adsorption technology to eliminate viruses, bacteria, heavy metals, and…
South Korean Finance Minister Koo Yun-cheol said on Wednesday that artificial intelligence innovation could drive economic growth across Asia-Pacific nations. He addressed finance leaders from 21 member economies at a meeting in Incheon as the country prepares to host the regional summit. Koo cited domestic research showing that AI adoption may boost productivity by up…
South Korea will conduct an international exercise on Wednesday to prepare for potential disruptions in global supply networks. The Crisis Response Network drill brings together member countries to strengthen their ability to address shortages affecting the Indo-Pacific area. South Korea leads the network as part of the Indo-Pacific Economic Framework established by the United States…
South Korea plans to maintain reduced fuel taxes through the end of December to help citizens manage costs amid volatile global oil markets. The government will lower gasoline tax cuts from 10 percent to 7 percent, while reducing diesel and liquefied petroleum gas reductions from 15 percent to 10 percent, under the extension announced on…
Malaysian stocks extended gains on Friday as investors anticipated a meeting between American President Donald Trump and Chinese President Xi Jinping later this month. The FTSE Bursa Malaysia KLCI benchmark rose 5.27 points to close at 1,613.27 after opening lower at 1,607.03. Trading volume decreased to 2.98 billion units valued at 2.43 billion ringgit compared…
Malaysia’s currency closed slightly stronger against the dollar on Friday as traders remained cautious ahead of American consumer price data. The ringgit settled at 4.2210 per dollar at 6 p.m., up from Thursday’s 4.2250 rate. Bank Muamalat Malaysia chief economist Mohd Afzanizam Abdul Rashid said markets anticipated higher inflation figures that could influence Federal Reserve…
Malaysia’s International Halal Showcase generated 6.05 billion ringgit in sales across four days last month, exceeding the previous year by 40.7 percent. The September exhibition at the Malaysia International Trade and Exhibition Centre drew more than 50,000 business visitors from 107 nations to view 2,400 booths spanning 14 halal sectors. Investment Minister Tengku Zafrul Abdul…
