Korea Finance

G7 finds new goal as G20 takes a step back

From June 11 to 13, G7 leaders meet in Cornwall, UK. The rally highlights the renewed vigor and influence of the G7, with a British Presidency engaged in action, the first public international outing of multilateralist President Joe Biden and growing concerns from the United States and Europe over the …

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P4G Seoul summit unites world leaders for inclusive green recovery and serves as springboard for next climate COP

Seoul P4G summit ends May 31st, proclaiming inclusive global green growth in the Seoul Declaration Summit calls for global cooperation in responding to climate change; developed countries announce their support for carbon neutrality; developing countries to accelerate green growth The summit strengthens innovative private-public cooperation in five major areas, contributes …

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Some Korean giants could be affected by G7 tax deal

확대 South Korean conglomerates that operate subsidiaries in foreign countries with a corporate tax rate below 15% face additional tax burdens, following historic G7 agreement on a global minimum tax rate companies by 15%. The G7 group of advanced economies agreed to set an overall minimum corporate tax rate of …

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Konex, the start-up market, is slowly fading away

The Korea New Exchange (Konex) is struggling in terms of volume, initial public offerings and upgrading listed companies to higher tier exchanges. Konex was first introduced in July 2013 as a market for small businesses not yet large enough for proper listing on the Korea Stock Exchange. According to the …

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