SEOUL, Nov. 8 (Korea Bizwire) — The South Korean government vowed Wednesday to ease regulations and reduce administrative procedures to promote the swift and smooth implementation of major corporate investment projects, including S-Oil Co.’s petrochemical plant project and the U.S. Sphere Entertainment Co.’s K-pop arena construction plan. The government presented a set of tailored deregulatory [...]
SEOUL, July 28 (Korea Bizwire) — The government said Thursday it would ease a total of 50 regulatory measures in an effort to promote corporate investment and to spur private sector-led growth. It is the first result of the Yoon Suk-yeol administration’s deregulation push, as it set up a task force last month to review [...]
SEOUL, Jan. 6 (Korea Bizwire) — South Korea will expand tax incentives for companies to increase investments and permit more firms seeking innovative technologies to receive tax credits on research and development (R&D) costs, the finance ministry said Wednesday. The country will expand the scope of corporate assets eligible for tax credits and offer more [...]