Korea

South Korea and U.S. Forge Agreement to Repatriate Detained Citizens Amid Controversial Georgia Immigration Raid

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ATLANTA — South Korea announced it has reached an agreement with the United States concerning its citizens detained during a major immigration raid at a Hyundai Motor battery plant in Georgia. A charter flight is anticipated to transport the detained individuals back home, pending the completion of necessary administrative procedures. In response to the raid, President Donald Trump urged foreign companies operating in the U.S. to adhere to immigration regulations while continuing their investments. He emphasized the importance of complying with American laws and prioritizing the hiring and training of domestic workers in a post … Read more

South Korea Tightens Control: Lawmakers Enact Reforms to Prevent Future Martial Law Disruptions

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SEOUL, South Korea — South Korean lawmakers recently enacted changes to martial law protocols, prohibiting any obstruction of legislators entering the National Assembly. This decision follows the controversial declaration of martial law by former President Yoon Suk Yeol in December, which led to significant political upheaval in the nation. Yoon’s brief martial law order came amid increasing political strife, marked by parliamentary stalemate and ongoing corruption allegations. As tensions escalated, military forces assembled outside the National Assembly, prompting lawmakers to climb over walls to counter Yoon’s decree and uphold democratic procedures. The amendments approved by … Read more

South Korea to Hold Elections After President Yoon Suk Yeol’s Removal Amid Martial Law Controversy

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SEOUL, South Korea — South Korea’s Constitutional Court ousted President Yoon Suk Yeol from office on Friday, effectively ending his turbulent term. This historic verdict comes four months after Yoon’s controversial decree of martial law plunged the nation into political chaos. The unanimous decision delivered by the court’s acting chief, Moon Hyung-bae, concluded that Yoon’s actions seriously breached the constitution and other significant laws. The court called for an election within the next two months to find Yoon’s successor. Yoon, a former leading prosecutor who rose rapidly to presidency just a year after entering politics … Read more

South Korea Plans Major Tax Reform: Estate Tax System to Be Replaced with Inheritance Tax by 2028

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Sejong, South Korea – In a significant move to align its tax laws with more commonly adopted international standards, the South Korean government announced plans on Wednesday to overhaul its longstanding estate tax system in favor of an inheritance tax by the year 2028. This revision aims to reduce the financial burden on heirs, according to officials from the Ministry of Economy and Finance. The current estate tax in South Korea is applied to the net value of all assets left by a deceased person. Compared to this, the inheritance tax, as seen in most … Read more