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Search results for Cheong Wa Dae

Finance

KOSPI hits 8,000 as debate returns over reviving financial investment income tax

With the KOSPI heating up and breaking above 8,000 intraday, debate has resurfaced over reviving South Korea’s financial investment income tax. Labour and civic groups call for normalising taxation of financial income, arguing capital income is insufficiently taxed compared with wages. President Lee Jae-myung has also raised the need to reform securities transaction and capital gains taxes. Opponents warn the tax could hurt sentiment and spur outflows, while the government has not formalised reintroduction.

Telecommunications & Media

Samsung, LG smart TVs seen as global distribution route for K-content as FAST emerges as alternative

A proposal has emerged to use Samsung and LG smart TVs already deployed worldwide as infrastructure to distribute Korean content globally. As plans to combine domestic streaming services into a single platform stall, free ad-supported streaming TV, or FAST, is gaining prominence. Speakers at a policy forum cited rapid growth forecasts for the global and domestic FAST markets and highlighted Korean TV makers\' large installed base. They also called for policy support, content localization funding and a unified control tower across ministries.

Industry

President Lee Jae-myung urges turning crisis into opportunity, stresses sovereign wealth fund and manufacturing sovereignty

South Korean President Lee Jae-myung said a supply chain crisis triggered by the Middle East war should be used as an opportunity for industrial restructuring and stressed the creation of a Korean-style sovereign wealth fund. He warned that the global trade order is at a major turning point as free trade retreats and geopolitical risks deepen. Lee also urged government-led demand creation through public procurement and protection of advanced technology and talent.