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News
South Korean Banks and Law Firms Race to Capture Inheritance Trust and Consulting Market Amid Surge in Family Disputes — BigGo Finance
30+ min ago (550+ words) As inheritance disputes surge, South Korea's financial and legal sectors are racing to roll out related services. The country's five major commercial banks have launched or are preparing to debut more than ten new trust products this year alone, including…...
South Korea's OECD Leading Indicator Tops Global Rankings for First Time in 6 Years and 3 Months, Though Growth Pace Slows for 5th Straight Month — BigGo Finance
7+ hour, 16+ min ago (305+ words) South Korea's CLI fell to 99.14 in January of last year before rebounding in February and breaking above the 100 threshold in November last year at 100.12. It has now risen for 19 consecutive months. The climb in rankings has been steep. As recently…...
South Korea Sees Record 1,600 Minors Reporting High Financial Income; One-Year-Olds Averaged approximately $29,000 in Dividends — BigGo Finance
8+ hour, 5+ min ago (445+ words) In 2024, 1,606 South Korean minors filed comprehensive income tax returns after their financial income—interest and dividends—exceeded 20 million won (approximately $15,000) annually. The figure includes five one-year-old infants, who reported an average financial income of 39.4 million won (approximately $29,000) each. Total reported…...
Bank of Korea, Korean Statistical Society Seek Ways to Ensure Economic Data Reliability in the AI Era — BigGo Finance
2+ day, 9+ hour ago (578+ words) The Bank of Korea and the Korean Statistical Society co-hosted a forum on September 11 at the Bank of Korea's annex building in Seoul to discuss strategies for maintaining the reliability of economic statistics amid the rapid advancement of AI and…...
AI Orders Fuel Taiwan's Machinery Exports to 19th Straight Month of Growth; Full-Year Exports and Output Poised to Hit Record Highs — BigGo Finance
2+ day, 11+ hour ago (743+ words) Taiwan Association of Machinery Industry reported August machinery exports reached $3.446 billion, up 19% year-over-year, marking 19 consecutive months of positive growth. Cumulative exports for the first eight months totaled $24.544 billion, up 19.1% from a year earlier. Driven by robust AI and semiconductor demand,…...
AI Capex, Not Washington, Is Fueling Global Bond Rout, Krugman Says — BigGo Finance
2+ day, 16+ hour ago (378+ words) Nobel laureate Paul Krugman is pushing back on the idea that the Trump administration is to blame for the recent surge in long-term borrowing costs. The economist argues the real driver is a global rush to fund artificial intelligence infrastructure,…...
South Korea Moves to Tackle Knowledge Industry Center Vacancies with Full Occupancy Deregulation and Public Rental Conversion — BigGo Finance
2+ day, 16+ hour ago (349+ words) Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol presided over a meeting of economy-related ministers and structural reform ministers at the Government Complex Seoul on the morning of the 10th, discussing four agenda items including "Measures to Address…...
Turkey's Central Bank Holds Policy Rate at 37% for Fifth Straight Meeting, Expectations Grow for October Easing — BigGo Finance
2+ day, 20+ hour ago (307+ words) According to a Reuters survey, 16 of 17 economists had forecast a hold, while only one had expected a 100-basis-point (bp) cut. With attention focused on how escalating tensions in the Middle East may affect inflation and the policy outlook, economists are…...
Taiwan's Executive Yuan approves NT$100 billion eight-year plan for small and micro enterprises, with major tax incentive expansion — BigGo Finance
2+ day, 20+ hour ago (958+ words) Taiwan's Executive Yuan approved the "Support and Strengthen Small and Micro Enterprises Program" on Wednesday, committing an additional NT$100 billion (US$3.16 billion) over eight years to the Small and Micro Enterprise Transformation and Upgrading Development Fund, while advancing amendments to…...
Japan's Tax Reform Outline for Consumption Tax Cut Set for Cabinet Approval on 15th; No Specific Funding Plan Presented — BigGo Finance
3+ day, 15+ min ago (544+ words) Japan's Tax Reform Outline, which includes reducing the consumption tax rate on food and beverages from 8% to 1%, is expected to receive Cabinet approval on the 15th. A senior official from the Liberal Democratic Party Tax Research Commission informed multiple party officials…...