Yonhap Infomax NewsOct 17
South Korea's Fair Trade Commission facilitated the payment of KRW 23.2 billion ($17 million) in overdue subcontract fees to 202 SMEs ahead of Chuseok, while 79 major firms advanced KRW 2.877 trillion ($2.1 billion) to 16,646 subcontractors, easing financial pressure on small businesses.
#YonhapInfomax #FairTradeCommission #SubcontractFees #Chuseok #SmallAndMediumEnterprises #OverduePayments #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=86025
Fair Trade Commission Drives Payment of KRW 23.2 Billion in Outstanding Subcontract Fees Ahead of Chuseok via Complaint Center

South Korea's Fair Trade Commission facilitated the payment of KRW 23.2 billion ($17 million) in overdue subcontract fees to 202 SMEs ahead of Chuseok, while 79 major firms advanced KRW 2.877 trillion ($2.1 billion) to 16,646 subcontractors, easing financial pressure on small businesses.

Yonhap Infomax
Yonhap Infomax NewsAug 29, 2025
The National Tax Service has extended the corporate tax prepayment deadline by two months for 55,400 companies, including SMEs in petrochemical and steel sectors, deferring 1.14 trillion won ($845 million) to support businesses amid economic challenges.
#YonhapInfomax #NationalTaxService #CorporateTax #PrepaymentExtension #SmallAndMediumEnterprises #1TrillionWon #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=79399
National Tax Service Extends Corporate Tax Prepayment Deadline for 55,400 Firms Including Petrochemical and Steel Companies

The National Tax Service has extended the corporate tax prepayment deadline by two months for 55,400 companies, including SMEs in petrochemical and steel sectors, deferring 1.14 trillion won ($845 million) to support businesses amid economic challenges.

Yonhap Infomax
Yonhap Infomax NewsAug 13, 2025
The Korea Fair Trade Commission (KFTC) will operate an Unfair Subcontract Reporting Center nationwide for 50 days ahead of the Chuseok holiday, aiming to ensure timely payment of subcontract fees to SMEs and prevent violations of the Subcontracting Act.
#YonhapInfomax #KFTC #Chuseok #SubcontractPayment #SmallAndMediumEnterprises #SubcontractingAct #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=76838
KFTC to Operate 'Unfair Subcontract Reporting Center' Ahead of Chuseok Holiday

The Korea Fair Trade Commission (KFTC) will operate an Unfair Subcontract Reporting Center nationwide for 50 days ahead of the Chuseok holiday, aiming to ensure timely payment of subcontract fees to SMEs and prevent violations of the Subcontracting Act.

Yonhap Infomax
David GraylessJul 28, 2025
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