Korea Joongang Daily
Korea JoongAng Daily

Lee reaffirms no extension of capital gains tax exemption for owners of multiple homes

President Lee Jae Myung reaffirmed Sunday the government will not extend an exemption of the heavy capital gains tax for owners of multiple homes. In a post on social media platform X, Lee said the tax exemption will expire May 9.

2026-01-25

Will a flip-flopping Trump scrap his upcoming auto tariff?

President Donald Trump is considering a temporary exemption from tariffs on auto parts to assist U.S. carmakers transitioning supply chains, suggesting possible delays in tariffs extensions.

2025-04-15

Korea to exempt Chinese group tourists for economic boost

Korea will temporarily exempt visas for Chinese group tourists in the third quarter of this year as part of its efforts to boost inbound tourism, the government announced Thursday.

2025-03-20

Seoulites to be offered half-price hydrogen vehicles

The Seoul Metropolitan Government announced on Monday that it will subsidize almost half the price of a hydrogen vehicle as part of its plan to reach carbon neutrality by 2050.

2024-02-12

Government to extend VAT exemption for coffee and cacao beans

The Agricultural Ministry said Wednesday the government will extend the value-added tax exemption on coffee and cacao beans through 2025 to alleviate consumers' burden amid inflation.

2024-01-03

Korean athletes get toughened up at Marine Corps boot camp

Hundreds of Korean athletes who will compete at the Paris Olympics next year wrapped up a three-day military “boot camp” with the Korean Marine Corps in Pohang, North Gyeongsang on Wednesday.

2023-12-21

What's in an exemption — will Asiad glory really benefit Korea's young football stars?

The U-24 Korean national team’s 2-1 victory over Japan in the final at the Hangzhou Asian Games on Saturday gave the Korean players not only a shiny gold medal, but also a very shiny military exemption.

2023-10-10

U.S. Treasury begins exempting humanitarian aid from sanctions

The U.S. Treasury Department announced Tuesday that it began authorizing exemptions for humanitarian aid from international sanctions, signaling the possible easing of restrictions on relief to North Korea.

2022-12-21

Defense minister maintains difficulty of granting BTS military exemptions

Defense Minister Lee Jong-sup has maintained that it would be “difficult to expand the exemption system” for members of boy band BTS who are set to serve their mandatory military service. During an interpellation at the National Assembly on...

2022-09-21

Korea, Qatar foreign ministers sign visa exemption agreement, talk cooperation

Foreign Minister Park Jin met with Deputy Prime Minister and Minister of Foreign Affairs of the State of Qatar Sheik Mohammed Bin Abdulrahman Bin Jassim Al Thani at the Foreign Ministry in Jongno District, central Seoul, to discuss ...

2022-08-17