The government will grant a grace period of four to six months for owners of multiple homes ahead of the planned end of a temporary exemption from heavy capital gains taxes for multiple homeowners, the Ministry of Economy and Finance said Thursday.
The Ministry of Employment and Labor will raise maternity leave benefit caps to 2.2 million won in 2026, addressing minimum wage increases to prevent mismatches between minimums and maximums for workers.
We hear no protests or complaints from MOFE these days. It keeps mum even when the opposition Democratic Party (DP) criticizes the current government for “populism.”
Korea will extend the tax cut on fuel consumption by another two months as geopolitical uncertainties in the Middle East impact global oil prices.
Concerns abound after President Yoon Suk Yeol decided to increase tax benefits to individual savings accounts, abolish the financial investment income tax and rescue credit delinquents despite a lack of tax revenue.
Top companies in Korea have been donating more in the first nine months of this year compared to last year despite weaker earnings, a corporate tracker said Wednesday.
After-tax monthly labor income of workers who were paid the lowest was 1.79 million won ($1,400) but the minimum monthly unemployment benefit was 1.84 million won.
The main cause for the growing phobia of having kids is the economic burden.
Starting next year, under the subsidy titled “parent payment,” households with a child under the age of one will receive 700,000 won ($535) every month and 350,000 won for a child aged between 12 and 23 months.
Korea JoongAng Daily Sitemap
