Extended tax deductions for new drug R&Ds

Published: 2016-05-02 16:29:00
Updated: 2016-05-02 09:50:33

In order to foster new industries, the government decided to apply tax deduction even for expenses of Phase 3 clinical trials that are conducted in Korea.

Moreover, it also decided to raise the ‘New Industry Fostering Fund’ of KRW 1 trillion for the first time to enlarge high-risk fields, such a...

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