South Korean Government seeks corporate tax reduction for investment promotion

Createdd 2022-12-15 Hit 455

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The Ministry of Economy and Finance released a press material explaining why the complicated South Korean corporate tax scheme is a potential obstacle for foreign investors and why the corporate tax must be reduced in order to create a globally competitive business environment and attract more investment from overseas. The effort of the government is amid debate at the National Assembly over corporate tax rates. Click the news below for more information:

 

https://www.moef.go.kr/nw/nes/detailNesDtaView.do?searchBbsId1=MOSFBBS_000000000028&searchNttId1=MOSF_000000000062203&menuNo=4010100