Climate & environment, Consumer, Policy & regulation · 3 days
247 storiesTrump signs order allowing tax-free red-dyed diesel on highways
President Donald Trump signed an executive order on Monday temporarily allowing off-road red-dyed diesel to be used for highway driving and deferring the federal excise tax on that fuel through the end of 2026 without interest or penalties.…
Defense minister: arts, sports military service exemption to be cut and abolished
South Korea's defense minister said on Oct 7 that the goal is to gradually reduce the arts and sports military service exemption and ultimately abolish it, after controversy over remarks by Asian Games football gold medallists about the exe…
South Korea unveils 1,000 trillion won green transition plan to 2035
South Korea announced a “Korean-style Green Transition” (K-GX) strategy on Oct 7, pledging about 1,000 trillion won over ten years to 2035 — 200 trillion won in fiscal support and more than 790 trillion won in climate finance through five p…
South Korea's Lee orders CPTPP talks restarted from the beginning amid farm concerns
President Lee Jae-myung instructed at a cabinet meeting on Oct 6 that the government should not fix a conclusion on joining the CPTPP and should “restart dialogue from the beginning,” saying the pact's strategic value is cited alongside ver…
FT: EU weighs universal corporate levy to raise taxes on US tech giants
The European Commission is considering a new mechanism to raise more tax revenue from large US technology companies without singling them out as a separate category, the Financial Times reported, citing unnamed sources. Under discussion is …
Army study found ICE shock gloves cause pain, compliance and fear, AP reports
A previously unreleased Army study found that shock gloves now purchased by U.S. Immigration and Customs Enforcement caused intense pain, immediate compliance and fear of further shocks during a 2024 military exercise. Records obtained by t…
S. Korea farm minister says minor farmland survey violations won't be punished
Agriculture minister Song Mi-ryung told a parliamentary audit on Oct 7 that most ordinary, customary violations found in the government's full farmland survey would not be punished, and that the government has no plan or reason to confiscat…
Korea's top individual tax delinquent Kwon Hyuk to pay 393.8 billion won
The National Tax Service said on Oct 7 that Kwon Hyuk, chairman of Sido Group and the country's largest individual tax delinquent, has submitted a plan to pay his personal back taxes of 393.8 billion won in full, 15 years after the tax was …
Japan farm ministry orders Fukui seafood firm over mislabeled Echizen crab gifts
Japan's agriculture ministry issued a measures order on Oct 6 against Fukumaru Foods, a seafood processor in Echizen Town, Fukui Prefecture, for labeling products as Echizen crab while using mizugani, a crab not counted as Echizen crab. The…
Land minister says Gangnam, Yongsan home prices have turned negative
Land, Infrastructure and Transport Minister Hong Ji-seon told a National Assembly audit on Oct 7 that home prices in Seoul's Gangnam three districts and Yongsan have turned negative, and said price growth should ease with the market stabili…
South Korea weighs ending military service exemptions for athletes and artists
South Korea’s Defense Ministry said on October 6 that it is considering tightening or abolishing the military service exemption granted to athletes and artists, after some Asian Games gold medalists said exemption mattered more to them than…
Nine crested ibis released in Ishikawa in second Honshu release
Nine crested ibis were released on Oct. 7 in Nakanoto Town, Ishikawa Prefecture, the second release of the birds on Japan's main island of Honshu. A temporary cage was opened at about 11:30 a.m. under the “soft release” method; Nippon TV Ne…
Korea to factor Korean proficiency into student visas, tighten screening
South Korea’s Justice Ministry announced plans to weigh Korean-language ability across its foreign student visa system, exempting students with TOPIK level 4 or social integration programme stage 4 from proving financial capacity. Universit…
Asian Games exemption row widens: Ahn seeks abolition, ruling party open to overhaul
People Power Party lawmaker Ahn Cheol-soo said on 7 October that the military service exemption for Asian Games gold medalists should be abolished starting with this tournament, arguing it is set by presidential decree and President Lee Jae…
South Korea defense chief says athlete military service exemption to be abolished
South Korea's defense minister, Kang Shin-chul, told a parliamentary audit on Oct 7 that the special exemption from military service for high-achieving athletes and artists should be gradually reduced and ultimately abolished. The review fo…
Trump says he is considering suspending federal gas tax ahead of midterms
President Donald Trump said Tuesday his administration is considering suspending the federal gas tax, as pump prices remain far above last year's levels a month before the midterm elections. Any suspension would require Congress, which is n…
Russia drafts 5,000-ruble cap on fees for state-service filings via Post, MFC
The Russian government has prepared a draft decree allowing Russian Post and multifunctional centres (MFCs) to charge up to 5,000 rubles for accepting applications for state services and delivering finished documents, RBC reported, citing t…
Korea's FSS tells 21 securities firms to shift to preventive internal audits
The Financial Supervisory Service met auditors from 21 securities firms in Seoul on Oct 7 and told them to move from audits that catch problems after the fact to preventive checks that protect investors first. The regulator cited repeated v…
France's interior minister suspends police use of stun grenades in protests
French Interior Minister Laurent Nunes ordered police to suspend the use of stun grenades during protests, saying the measure applies to student protests until the circumstances of a specific case are clarified. The order followed an incide…
UAE sets phased caps on salt, sugar and fat in packaged foods, fines up to Dh500,000
The UAE’s Ministry of Health and Prevention has begun implementing a resolution that caps sodium, sugar and fat in selected packaged foods, with phased limits running until the end of 2030. The rules apply to locally made and imported produ…