Seoul, Jan 27 (IANS) US President Donald Trump’s surprise announcement to raise tariffs on South Korea appears to be aimed at pressuring the country to swiftly carry out its investment pledge to the United States amid domestic uncertainties, including the U.S. Supreme Court’s planned ruling on the legality of the tariffs, experts here said on Tuesday.Earlier in the day, Trump said in a social media post that he is raising “reciprocal” tariffs and auto duties on South Korea to 25 per cent from 15…
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Seoul, Jan 20 (IANS) Excessive regulations on large companies may have cut the country’s gross domestic product (GDP) by up to 111 trillion won ($75.2 billion) in 2025, a major business lobby argued on Tuesday, calling on the government to ease regulatory burdens on firms seeking to expand.The Korea Chamber of Commerce and Industry (KCCI) made the assessment in a report, noting that the so-called “growth penalty,” which refers to additional tax and regulatory burdens imposed on companies as they…