Country likely to increase tax incentives to create jobs in 2012.

By bne IntelliNews September 8, 2011
South Korea is likely to seek increasing its corporate tax benefits next year as an attempt to drive job creation and support augmenting the overall economy. As reported by Yonhap English News, the Ministry of Strategy and Finance stated that the government modifies its tax code every year in order to prepare for the tax policy the next year. The government also seeks providing support to the low- and middle-income citizens and to sustain the fiscal security by expanding the overall revenue base.

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