More tax exemptions set for R&D spending

Korea seeks to expand tax exemptions for corporate investment in research and development (R&D) as part of efforts to stimulate state-run and private companies’ R&D spending in the era of free trade agreements (FTAs).

The Ministry of Knowledge Economy said on July 8 it would inject 155 billion won into 26 "smart" projects which it hopes to develop as growth engines for the country. The gover...