Category: South
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Cryptocurrency Tax Postponed! South Korea Extends Breathing Room To 2027
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Cryptocurrency companies in South Korea will have some breathing room before they start paying capital gains tax as the government has decided to postpone its implementation for two years. South Korean lawmakers agreed not to impose a tax policy on cryptocurrencies next year, moving its implementation to 2027. Cryptocurrency tax…
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South Korean politician calls for investigation of biomass energy material imported from Indonesia
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Breadcrumb links PMN BMN Business Article writer: Associated Press Victoria Milko and Hyung Jin Kim Posted on November 28, 2024 • Last updated 15 minutes ago • 4 minutes read You can save this article by registering for free here. Or log in if you have an account. Article content…
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South Korea-made weapons in high demand after Ukraine invasion
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On the outskirts of an industrial city in South Korea, workers at a sprawling weapons factory were conducting the final phase of testing a newly built surface-to-air defense system that could eventually head to Ukraine. Longstanding domestic policy bars Seoul from sending weapons to active conflict zones, but since the…
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South Korea-made weapons in high demand after Ukraine invasion
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On the outskirts of an industrial city in South Korea, workers at a sprawling weapons factory were conducting the final phase of testing a newly built surface-to-air defense system that could eventually head to Ukraine. Longstanding domestic policy bars Seoul from sending weapons to active conflict zones, but since the…
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Cross-Border Crypto Transactions Targeted By South Korea
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South Korean authorities have announced their plan to fully regulate cross-border cryptocurrency transactions by the end of 2025 to combat the “blind spot” that enables foreign exchanges to evade taxes. Quranic authorities regulate cross-border cryptocurrency transactions According to local media Edaily, South Korean Deputy Prime Minister (DPM) Choi Sang-mook subscriber…
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After Years of Blackouts, South Africa is Suddenly Keeping the Lights On
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Breadcrumb links BMN Business Chronic power outages have crippled the economy and disrupted politics for more than 15 years. Then, seven months ago, they just stopped. Article writer: Bloomberg News Paul Burkhart Posted on October 26, 2024 • 5 minute read You can save this article by registering for free…
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South East leads in bank loans to small businesses as other UK regions lag behind
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Small businesses in south-east England are benefiting from a strong rebound in bank lending, leaving the rest of the UK behind, according to new research by the British Business Bank. Lending to businesses in the region has surged, leading to a 21% increase in approved loans and overdrafts across the…
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Bitcoin Trades Below Global Prices In South Korea, Erasing Long-Standing ‘Kimchi Premium’
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This article is also available in Spanish. Bitcoin (BTC) is trading slightly lower in South Korea compared to global cryptocurrency markets due to a reverse “kimchi premium,” which has not been seen. since October 2023. Reverse ‘Kimchi Premium’ Makes Bitcoin Cheaper in South Korea According to A a report By…
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South African Revenue Service Cracks Down On Crypto With New Tax Rules
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In an update shared via the country’s news agency, the South African Revenue Service (SARS) has called on taxpayers to declare their digital currencies and other crypto assets through the Voluntary Disclosure Program (VDP). Given the growing popularity of digital assets such as Bitcoin and Ripple’s XRP among South Africans,…
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South African Revenue Service Cracks Down On Crypto With New Tax Rules
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In an update shared via the country’s news agency, the South African Revenue Service (SARS) has called on taxpayers to declare their digital currencies and other crypto assets through the Voluntary Disclosure Program (VDP). Given the growing popularity of digital assets such as Bitcoin and Ripple’s XRP among South Africans,…
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Nearly 200 South Koreans in their 20s hold over $750k in crypto: report
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More than 185 South Koreans in their 20s own more than $750,000 in digital assets each, based on data from Upbit and Bithumb. As reported Mail Business Newspaper On October 3, South Korea-based cryptocurrency exchanges Abit and Bithumb submitted a report on the “State of Holding Virtual Assets” to Ahn…
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Nearly 200 South Koreans in their 20s hold over $750k in crypto: report
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More than 185 South Koreans in their 20s own more than $750,000 in digital assets each, based on data from Upbit and Bithumb. As reported Mail Business Newspaper On October 3, South Korea-based cryptocurrency exchanges Abit and Bithumb submitted a report on the “State of Holding Virtual Assets” to Ahn…
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South Korean Inflation Eases to 1.6% in September; BOK May Ease in October Meeting
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Full story via EMW on PiQ Suite South Korea’s CPI inflation rate fell to 1.6% year-on-year in September due to lower transportation prices Core CPI rose 1.8% y/y compared to 1.9% y/y in August Fresh food prices stabilize at a low growth of 3% year-on-year The CPI reading increases the…
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South Yorkshire selected for £1.5bn mini-nuclear reactor factory, creating 3,000 jobs
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South Yorkshire is set to host the UK’s first dedicated small nuclear reactor (SMR) factory, a major boost to the region’s economy and the UK’s nuclear industry. Holtec, a privately owned nuclear company based in Florida, has chosen South Yorkshire as its preferred location for the £1.5bn facility after considering…
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South Korea warn that rapid pick-up in household debt may turn into systemic risk.
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Asia markets in red, investors access South Korea’s inflation data; eyes on US jobs report
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never Asia-Pacific stock markets were mostly in the red on Tuesday, driven by investor reactions to the latest inflation data from South Korea. Traders are now awaiting U.S. payrolls data, due on Friday, along with local data from China, including a fresh set of purchasing managers’ indices. The figures are…
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Falcon Oil & Gas Ltd. – Spudding of Shenandoah South 2H in Exploration Permit 98
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This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail Links GlobeNewswire Author of the article: Published Aug 30, 2024 • 7 minute…