Top headlines in major S. Korean newspapers
SEOUL, Aug. 24 (Yonhap) -- The following are the top headlines in major South Ko...
On August 24, South Korea's major newspapers reported on various political, economic, and social issues. In the Korean press, the ruling party urged the government not to differentiate property tax between single-home owners based on residency status. This stance was echoed by other dailies, including the Kookmin Daily, Donga Ilbo, and Seoul Shinmun, which all called for no distinction in property tax treatment between resident and nonresident single-home owners.
The Segye Times and Chosun Ilbo reported that the government and ruling party share the need to expand recognition of residency for single-home owners and ease tax rules for them, respectively.
The government is set to draft a 2027 budget exceeding 820 trillion won, according to the JoongAng Ilbo. Meanwhile, the Hankyoreh noted that the ruling party is advocating for relaxation of tax rules for single-home owners who do not live in the property. Regional investigators in the Hankook Ilbo were criticized for lacking experience, while encountering time constraints due to the situation in Seoul.
The Korean gaming industry faced a crisis as consumers shifted away from gaming, as reported by the Maeil Business Newspaper. In the English-language press, the Korea JoongAng Daily highlighted that Samsung's record return fell short of expectations. The Korea Herald reported a divide among Samsung and SK hynix over the AI windfall, with some favoring dividends while others preferred buybacks. Stanford University announced it would close its research center in Korea after five years, as per the Korea Times.
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