Inheritance tax to have limited impact on Samsung s structure
Posted : 2021-04-21 17:04
Updated : 2021-04-21 20:11
The late Samsung Group Chairman Lee Kun-hee visits the 2010 Consumer Electronics Show in Las Vegas with his family. Courtesy of Samsung Group
By Baek Byung-yeul
Heirs of late Samsung Group Chairman Lee Kun-hee have until April 30 to pay an estimated 13 trillion won ($11.6 billion) in inheritance taxes and several scenarios involving the method of payment are considered possibilities by experts.
Samsung Group is declining to offer any details on the matter, but it has been reported that the conglomerate could make an official announcement as soon as next week about the tax payment. Samsung is also likely to announce a charitable donation totaling trillions of won to commemorate the late chairman.
Fear of taper tantrum likely to weigh on Korean stock market in 2021
Posted : 2021-03-03 08:30
Updated : 2021-03-03 15:37
U.S. Federal Reserve Chair Jerome Powell testifies before the House Financial Services Committee at a hearing on oversight of the Treasury Department s and Federal Reserve s coronavirus pandemic response on Capitol Hill, Washington, D.C., Sept. 22, 2020. Reuters-Yonhap
By Lee Min-hyung
Fears over a recurrence of the 2013 taper tantrum will likely start escalating in 2021, but the Korean stock market should brace for earlier-than-expected tapering ― the gradual reduction in quantitative easing ― from the U.S. Fed, amid rising inflationary pressure, market experts said Tuesday.
By Kwak Yeon-soo
After accumulating nearly two decades of experience in the modeling world, Jang Yoon-ju finally made her acting debut at the age of 35. Acting has always been her passion, so Jang decided to pursue her dream while working as a model.
Jang began her modeling career at age 17, and since then she has walked on fashion runways for major designers, worked with some of the greatest photographers in the fashion industry and landed modeling jobs for luxury brands.
However, she also ensured she received an education, majoring in film studies at Seoul Institute of the Arts. There she went to college with some big name actors including Son Ye-jin, Jung Woo and Han Hye-jin as well as directors Kim Jong-kwan of Josee (2020) and Park Sang-hyun of Innocence (2020).
South Korea's export recovery likely accelerated in December thanks to strong chip demand, though the coronavirus pandemic continued to add pressure on domestic consumption, a Reuters poll showed on Tuesday.