DP promises to pass tax bill in March to help stabilize foreign exchange market

The Democratic Party (DP) said Monday it plans to pass a revised bill on tax schemes this month to help stabilize the foreign exchange market, as the Korean won has plunged due to intensifying conflict in the Middle East.

2026-03-09

House gives final approval to Trump's big tax bill in a milestone for his second-term agenda

House Republicans propelled President Donald Trump’s big multitrillion-dollar tax breaks and spending cuts bill to final passage Thursday in Congress, overcoming multiple setbacks to approve his signature second-term policy package.

2025-07-04

House Republicans launch an all-nighter to try to pass Trump's big bill

House Republicans reconvened to push ahead on their multitrillion-dollar tax breaks package, with Speaker Mike Johnson defying the skeptics within his ranks and working to muscle President Donald Trump's priority bill to passage.

2025-05-22

Trump agenda hits speed bump in U.S. Congress as hard-liners revolt

A Republican push to advance U.S. President Donald Trump's sweeping tax bill through Congress appeared to hit a roadblock on Thursday, as hard-line conservatives demanded deeper cuts to Medicaid in exchange for their support in a key procedural vote.

2025-05-16

Finance ministry pushes for passing of chip tax-credit bill

Korea's finance ministry on Tuesday called for the passage of a tax bill centering on providing more incentives for chipmakers, claiming Asia's No. 4 economy should not miss the "golden hour" to revitalize the chip industry.

2023-03-14

Remaining real estate measures pushed through on Tuesday

In less than a week the ruling Democratic Party has rushed through the latest batch of real estate market reform bills, including higher taxation and mandatory reporting of rent by landlords.The main opposition United Future Party boycotted the vote.

2020-08-04