Search results for Yulchon
People
Global K-Culture Economy Forum launches to support content and cultural finance
The Global K-Culture Economy Forum (GKCEF), a cooperation platform bringing together public and private experts from culture, arts and finance, launched on Tuesday. The forum aims to develop investment policies and systems to foster the K-content and platform industries and to revitalise cultural finance. Kim Jeong-seop was appointed as its inaugural chair, while executives from Ione Asset Management and IBK Industrial Bank lead its executive committee.
Games & Commerce
Game industry calls for tax credit on development costs
South Korea\'s game industry called for a tax credit on game production costs, arguing that film and webtoons receive such benefits while games do not. At a policy forum at the National Assembly, speakers cited low use of existing R&D tax credits by game firms and presented estimates of investment and job gains from a new credit. The finance ministry warned of possible duplicate deductions, while the culture ministry said actual uptake is minimal.
Industry
Lotte Chemical Q4 operating loss widens 85.7 percent
Lotte Chemical said on Tuesday it posted fourth-quarter revenue of 4.71 trillion won and an operating loss of 433.9 billion won, with revenue down 1.7 percent from a year earlier and the loss widening 85.7 percent. Full-year consolidated revenue was 18.48 trillion won and the operating loss was 943.6 billion won. The company cited seasonal factors and new operations at Lotte Chemical Indonesia, and set out plans to expand high value-added products and energy-related businesses.
