South Korea will designate its resort island Jeju as a test operation zone for flying taxis as part of the country’s national urban air mobility (UAM) project.At a government policy debate forum on the island on Tuesday, President Yoon Suk Yeol also said the central governm

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K Bank, the digital banking unit of South Korean telecom giant KT Corp., aims to turn into an AI-based investment platform after going public later this month, Chief Executive Choi Woo-hyung said on Tuesday.The CEO said K Bank, Korea’s first internet-only bank, will heavily

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Paris Baguette opened its 600th overseas store in Toronto, Ontario, as the leading South Korean bakery brand is rapidly expanding its global business.The franchise run by South Korean food conglomerate SPC Group said on Tuesday it launched its seventh Canadian branch of 230 squar

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Sono Hospitality Group, South Korea’s largest resort operator will add low-cost carrier Air Premia Inc. to its bulging portfolio after agreeing to buy a stake in the airline from a domestic private equity firm for 47.2 billion won ($34.6 million).Sono International Co., a unit of the hospitality group, said on Tuesday it is slated to buy half of a special purpose company (SPC) that owns a 26.95% stake in Air Premia. The SPC is controlled by

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Global Big Tech companies such as Google, Meta and Netflix have paid a pittance in taxes in South Korea and were fined as little as one-ten-thousandth of their revenue in penalties against tax audit avoidance, showed document obtained by a People Power Party lawmaker. In 2023, South Korea’s National Tax Service (NTX) imposed only 66 million won ($49,000) in penalties against two tax dodging cases involving global Big Tech firm, according to

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