The child deduction for inheritance and gift taxes will be expanded tenfold from 50 million won per person to 500 million won. The top inheritance tax rate will be lowered, and lower tax brackets will be widened to reduce the inheritance ta…
The Ministry of Economy and Finance and the Ministry of Foreign Affairs recently announced that the revised Korea-Turkey Double Taxation Agreement is set to enter into force domestically on the 21st. According to the two ministries, the ent…
The Ministry of Economy and Finance announced that Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok presided over the 7th Real Estate Related Ministers' Meeting at the Government Complex Seoul in Jongno-gu, Seoul, on …
In contracts to which the state is a party, multiple winners may be determined for a single contract when necessary. Those who have received corrective measures or reduction or exemption of fines through voluntary reporting of unfair collab…
The Ministry of Strategy and Finance said that Deputy Prime Minister and MSF Chief Choi Sang-mok chaired a meeting of senior economic officials at the Government Seoul Complex in Jongno District, Seoul, on the 10th. The agenda included regu…
The Ministry of Economy and Finance said on the 24th that it had launched the "Digital Economic Education Platform, Ministry of Economy and Finance. Republic of Korea+" (www.econedu.go.kr), which uses artificial intelligence (AI) and other …
Small and medium-sized enterprises (SMEs) that have 'graduated' to become mid-sized companies will be able to maintain their SME tax benefits for five years. The government announced the 'Corporate Growth Ladder Building Plan' at a minister…
