What's Up Korea?

Welcome to my news blog. I will let you guys know the truly dynamic aspect of Korea. Please be interested and animated!

Thursday, June 29, 2006

Maeil Business Newspaper Headlines

-. Holding tax (property and real estate tax ) for the tourism and leisure industry doubled from a year ago. For example, Samsung Everland have to pay W10 bn in holding tax this year, which is two times a year ago. The industry demands to reduce holding tax if property or real estate is owned for business purposes.

- Despite serious food poisoning incidents mainly due to the lack of sanitary control of food catering companies, most schools still want to commission a private company for school meals. According to a survey on 93 schools which stopped running their cafeteria after the scandal, 59.2 per cent of respondents still prefer a private food catering company.

- Six female North Korean defectors form a singing group called Dalrae. Three for vocals, one for accordion player, and the remaining two are dancers.

- In part of a series of measures to deal with white crimes, Ministry of Justice will set up a special force within Supreme Prosecutor’s Office, which specializes in tax evasion crimes.

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