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The latest edition of our Korean tax update.

Topics covered in this issue:

  • 2021 edition of the Medium and Long-term Direction of the Government’s Tax Policy
  • Tax incentives to stimulate R&D and facility investment in strategic core technologies including semiconductors
  • Korea signs a Free Trade Agreement with Israel
  • Reporting requirement for foreign bank and financial accounts with an aggregate balance of more than KRW 500 million
  • Rulings update