Country pledges further deregulation to enhance business climate.

By bne IntelliNews September 13, 2011
South Korea is planning to increase its efforts to ease regulations as an attempt to enhance its business environment. As reported by The Press Trust of India Limited, Finance Minister Bahk Jae-wan stated that the government recently decided to eliminate its additional tax reduction plan for large scale businesses and the rich due to the opposition from the political community. The government is likely to increase its efforts to eradicate obsolete regulations and reduce various barriers in the business sector.

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