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South Korea Planning to Expand Incentives to Support Services Sector

|Proposed Changes|Korea, Rep of
Korea, Rep of

South Korea's Ministry of Economy and Finance has issued a release following the 18th Ministerial Meeting on Boosting the Economy held 26 June 2019. The main topic of discussion during the meeting was a policy framework to develop high value-added services, which includes expanding the fiscal, tax, and financial support available only to manufacturing and some services to all services and expanding tax incentives for service R&D. The plan also includes additional investment and the relax…

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