Displaying items by tag: South Korea

Chinese mobile payment platform Alipay, in collaboration with tax refund agency Global Tax Free, has launched what it claims is the world's first paperless mobile tax refund function in South Korea.

China is well ahead of the US in the 5G race, outspending the latter by about US$24 billion since 2015 to set up wireless communications infrastructure and building 350,000 new sites, a report from Deloitte Consulting claims.

South Korea intends to tax Amazon, Google, Apple and other multinational technology companies, as these enterprises earn billions of dollars within the country and pay no taxes under existing rules.