Korea to expand tax benefits for foreign-invested companies
After the period expires, the companies will receive a 50-percent tax reduction cut for two more years.
The new rule will be applied to companies in the country's free economic zones that have attracted large-scale foreign investment.
Manufacturers should have attracted at least $30 million worth of foreign investment to receive the benefit, while tourism businesses should have received at least $20 million.
For logistics companies, the minimum requirement has been set at $10 million.
The government also plans to add research and development businesses as beneficiaries of the tax exemption and reduction to attract more research centers.
In addition, the government plans to select two to three more regions as new free economic zones within this year.
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2008년 10월 6일 16:30
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