Per-Capita Tax Burden Exceeds W10 Million
The tax burden shouldered by each Korean citizen last year surpassed W10 million for the first time ever. According to United Future Party lawmaker Choo Kyung-ho on Sunday, per-capita tax payments last year reached W10.1 million, up 3.2 percent from 2018. That includes state pension and health and other mandatory insurance payments and has jumped a whopping 47 percent from W6.89 million in 2013.
Kim Jong-il Promotes Nuclear Officials
Bars to Adopt QR-Code System to Keep Track of Visitors
Concerns Grow as More Students Return to School
Jobseekers Slash Salary Expectations
Moon to Meet with Party Floor Leaders This Week
Korean Baseball Games Broadcast Live All over the World
NATIONAL/POLITICS
Record Summer Expected
Korea can look forward to a record summer, with temperatures from June to August period on average 0.5 to 1.5 degrees Celsius higher than the usual 23.6 degrees, according to the Korea Meteorological Administration.
NORTH KOREA
Kim Il-sung's Luster Fades in N.Korea
North Korea founder Kim Il-sung's luster is fading as his grandson Jong-un tries to modernize the crackpot country by fits and starts. This April, Kim Jon-un for the first time since he took power missed annual obsequies at the founder's pickled corpse.
BUSINESS
Kakao's Market Cap Overtakes Hyundai's
Internet upstart Kakao has overtaken stolid auto giant Hyundai in terms of market capitalization, not least thanks to increased use of its apps during lockdown. Kakao's stock price closed up four percent on May 22 at W247,000.