A recent ministerial meeting has considered new measures to help small and medium enterprises (SMEs) that are becoming involved in markets in the South East Asia region. The support would involve regional agreements to lower tariffs and facilitate cross border trade. The growing manufacturing sector in the region would benefit from opportunities to more easily access the regional markets. South Korea is therefore planning to broaden the scope of export liability guarantees and to conclude new free trade agreements with countries in the region. The government is also aiming to reach a decision soon on participation in the Trans-Pacific Partnership.
Related Posts
Kyrgyzstan ratifies amending protocol to tax treaty with Korea (Rep.)
May 28, 2025
Kyrgyzstan ratified the protocol on 22 May 2025 Sadyr Japarov, Kyrgyzstan’s President, signed the law for the ratification of the amending protocol to the 2012 income and capital tax treaty with Korea (Rep of.) on 22 May 2025. It will take
Read More
Kyrgyzstan: Parliament approves amending protocol to the tax treaty with Korea (Rep.)
April 28, 2025
The parliament of Kyrgyzstan approved the law for the ratification of the amending protocol to the 2012 income and capital tax treaty with Korea (Rep.) on 23 April 2025. Earlier, the National Assembly of Korea (Rep.) approved the ratification of
Read More
India to impose safeguard duty on steel to curb imports from China, South Korea, Japan
April 22, 2025
India plans to introduce a temporary 12% safeguard duty on certain steel imports to address a rise in low-cost shipments; mainly from China, South Korea, and Japan; according to a government source. The measure, recommended by the Directorate
Read More Korea (Rep.) extends fuel tax cuts until June, plans smaller reductions from May
April 22, 2025
South Korea's Ministry of Economy and Finance announced on 22 April 2025 that it will extend the fuel tax cut for an additional two months, with revised discount rates. The tax discount on gasoline will be reduced from 15% to 10%, while
Read More Korea (Rep.), Andorra tax treaty enters into force
April 10, 2025
South Korea's Ministry of Foreign Affairs has announced that the income tax treaty with Andorra has entered into force on 1 April 2025. The withholding tax rate on dividends is 5% if the owner is a company that has held at least 10% of the
Read More
Korea (Rep.): National Assembly approves ratification of tax treaty with Andorra
March 20, 2025
The National Assembly of Korea (Rep.) approved the ratification of income tax treaty with Andorra on 13 March 2025, which was signed on 3 November 2023. The treaty will take effect once the ratification instruments are exchanged and will apply
Read More