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BUSINESS

South Korea unveils plans to attract 30 million visitors by 2027

Pulse, Published on 14/12/2022

» The South Korean government has unveiled measures, including easing travel-related restrictions, in its efforts to attract 30 million tourists by 2027 as borders around the world reopen amid easing in Covid policies.

BUSINESS

Jeju Air reduces Jeju-Bangkok flights amid surge in illegal migrant workers

Pulse, Published on 10/08/2022

» SEOUL: Flight services to and from South Korea’s Jeju island and Bangkok will be cut back from this week as authorities strengthen border controls to prevent illegal migrant workers abusing the visa waiver to the resort island.

BUSINESS

South Korea to build first floating airport in Busan

Pulse, Published on 27/04/2022

» SEOUL: South Korea plans to build a new airport for the country’s second largest city Busan as the nation’s first offshore airport at a total investment of 13.7 trillion won (372 billion baht).

BUSINESS

South Korea set to launch second megacity after Seoul in southeastern region

Pulse, Published on 20/04/2022

» SEOUL: Busan, Ulsan and South Gyeongsang province have joined hands to create a cross-municipal megacity with a population of more than 10 million, the country’s second biggest after capital city Seoul and its surrounding areas.

BUSINESS

Koh Kong airport set for flight trials early next year

Pulse, Published on 01/11/2021

» PHNOM PENH: Dara Sakor International Airport in Koh Kong province is set for flight trials earlier next year as the whole construction process is close to completion.

BUSINESS

South Korea to ease migrant worker ban next month to tackle labour crunch

Pulse, Published on 31/10/2021

» SEOUL: South Korea is preparing to let more foreign workers return to the country to provide relief to local farms, factories, and construction sites, which heavily rely on migrant labour, after it has limited non-professional working visa issuance for almost two years during a Covid-19 pandemic.

BUSINESS

Nearly half of shops at shopping mecca in Seoul emptied

Pulse, Published on 29/07/2021

» SEOUL: Nearly half of the stores at Myeongdong, a tourist shopping mecca in downtown Seoul, have become empty amid absence of tourists for nearly 18 months.

BUSINESS

S. Korea seeks travel bubbles with Thailand, other countries

Bloomberg and Pulse, Published on 09/06/2021

» SEOUL: South Korea is eyeing travel bubble agreements with Singapore, Thailand, Taiwan, Guam and Saipan.

BUSINESS

South Korea to tax crypto profits 20%, mining cost deductible

Pulse, Published on 07/05/2021

» SEOUL: Cryptocurrency investors will be imposed a 20% capital gains tax starting next year in South Korea but they are entitled to a tax deduction on expenses incurred during mining processes such as electricity bills.

BUSINESS

Myanmar bloodshed hits South Korean financial operations

Pulse, Published on 04/04/2021

» SEOUL: South Korean financial institutions have tensed up to review closure of operations in conflict-ridden Myanmar as expats come under safety risk.