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Less Than Half of Foreign Companies in S. Korea Paid Corporate Taxes in 2013: Data

SEJONG, March 27 (Korea Bizwire) — Less than half of foreign-run companies operating in South Korea paid corporate taxes in 2013, data by the country’s tax office showed Friday. According to the National Tax Service (NTS), there were 1,601 companies subject to corporate taxes at the end of 2013, but only 48 percent of the businesses, or [...]

No. of Foreign Companies in Korea Steadily on the Rise…NTS

SEOUL, Sep. 8 (Korea Bizwire) – The number of foreign companies doing business in Korea is steadily on the rise. But most such companies, 71 percent in all, are in the form of foreign-invested firms. Of the foreign companies in Korea, Japanese accounted for the highest portion with the wholesale area taking the No. 1 [...]