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U.S. sets 15% tariff on Korean autos, retroactive

The United States has finalized a 15 percent tariff on Korean-made automobiles and auto parts, retroactive to 12:01 a.m. on November 1 (EST), by posting the adjustment in the Federal Register on December 3.The notice takes legal effect upon official publication on December 4.The Federal Register also confirms that the U.S. will lower its country-specific rec..

National Assembly seeks to pass anti-market bills amid tax revenue plunge
AsiaToday reporter Lee Choong-jaeSouth Korea’s tax revenue shortfall is expected to reach around 10 trillion won (US$7.22 billion) in the first half of thi..

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