Tax breaks for R&D spending extended to 2015

Published: 2012-08-10 06:59:00

Updated: 2012-08-10 06:59:00

Korea seeks to extend tax exemptions for pharmaceutical companies’ investment in research and development (R&D) to help create more jobs and investment in the face of cloudy economic conditions, the finance ministry said Wednesday.

Under its annual tax revision bill which requires the National Assembly's approval, the ministry said it will extend tax benefits offered to corporate investment ...

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