tax credits Archives | Be Korea-savvy

Gov’t to Offer Tax Deduction for Streaming Content Production Costs

SEOUL, Dec. 26 (Korea Bizwire) — The Ministry of Culture, Sports and Tourism said Sunday that tax support will be expanded for the production and enjoyment of video content, as the revision to the tax code recently passed the National Assembly. Tax incentives will be offered for streaming content production costs for projects both in [...]

Tax Credits Leads to Over 14,000 More Young Workers

SEOUL, Sept. 16 (Korea Bizwire) — South Korean companies increased hiring of regular workers by more than 14,000 in 2015 in return for government tax benefits, a report said Friday. A total of 2,164 large businesses and smaller companies applied for tax credits after employing a combined 14,109 young regular workers that year, according to [...]