Foreign business communities in Korea have shown mixed responses to the latest government steps to ease regulations to attract larger investments from outside the country. The ECCK also commented on this issue. To read more, please click on the link below: [The Korea Times] Foreign investors show mixed responses
[The Korea Times] UK Chamber of Commerce chides unions European business leaders in Korea have asked the government to take steps to handle rising labor costs to help attract direct foreign investment. Read more
The National Tax Service (NTS) announced that it will reduce potential tax uncertainty for the foreign firms and exempt tax audits for the firms that earn less than KRW 50 billion annually for five years. The ECCK provided an input to NTS’s tax audit change plan. To read more about foreign firms tax risks, click …