Korea (Rep.), Bangladesh begin CEPA negotiations
Korea (Rep.) and Bangladesh began CEPA talks in Seoul to strengthen trade and economic ties. Korea (Rep.) and Bangladesh began official talks in Seoul from 25 to 27 August 2025, to negotiate a Comprehensive Economic Partnership Agreement
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Korea (Rep.), Vietnam agree to strengthen economic cooperation
South Korea and Vietnam have agreed to deepen economic and strategic cooperation, targeting USD 150 billion in bilateral trade by 2030. Korea (Rep.) and Vietnam have agreed to enhance economic and strategic cooperation amid increasing global
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Korea (Rep.): Chipmakers Samsung and SK Hynix excluded from 100% US tariffs
Chip manufacturers Samsung and SK Hynix will be exempted from 100% US tariffs due to local investments and MFN trade status. Korea ( Rep.) semiconductor giants Samsung Electronics and SK Hynix are set to avoid the 100% tariffs on chip imports
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Korea (Rep.) unveils 2025 tax revision bill, enhances R&D credits
The 2025 tax reform bill aims to bolster strategic industries and welfare by introducing targeted tax credits for R&D, AI, and K-content, while streamlining corporate and capital gains taxes. South Korea’s Ministry of Economy and Finance
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Korea (Rep.): Ministry of Economy and Finance proposes corporate tax hikes, AI investment incentives, QDMTT Pillar Two rules
The proposals will require approval from the National Assembly before they can enter into force. The South Korean Ministry of Economy and Finance released the 2025 tax law amendment proposal, on 31 July 2025, which includes corporate tax hikes,
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US: Trump to set 15% tariff on South Korean imports under new trade deal
President Trump announced a reduced 15% tariff on South Korean imports, down from a planned 25%, as part of a new trade deal. US President Donald Trump announced a reduced 15% tariff on imports from South Korea on 30 July 2025, down from the
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Netherlands: Tax authority clarifies software distribution payments not royalties under Korea (Rep.) tax treaty
The royalty payments are exempt from withholding tax in Korea (Rep.), granting the Netherlands exclusive taxing rights over the income. The Netherlands tax authority clarified on 10 July 2025 that payments for software distribution licenses by a
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Korea (Rep.), Kyrgyzstan tax treaty protocol enters into force
The Korea (rep.)–Kyrgyzstan tax treaty amending protocol entered into force on 5 July 2025, with key provisions applying from 1 January 2026. The amending protocol to the Korea (Rep.) - Kyrgyzstan Income and Capital Tax Treaty (2012), signed on
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US to impose 25% tariffs on Japan, Korea (Rep.) from August 2025
Trump announced new tariffs on Japan and Korea (Rep.), urging trade negotiations before 1 August. US President Donald Trump announced a 25% tariff on all imports from Japan and Korea (Rep.) on 8 July 2025, due to take effect on 1 August. The
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Georgia, Korea (Rep.) conclude 5th round of investment agreement negotiations
Georgia and Korea (Rep.) finished their fifth negotiation round to strengthen investment ties. Georgia and Korea (Rep.) concluded the fifth round of negotiations on the Investment Promotion and Protection Agreement (IPA) on 4 June 2025. The
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Kyrgyzstan ratifies amending protocol to tax treaty with Korea (Rep.)
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
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Kyrgyzstan: Parliament approves amending protocol to the tax treaty with Korea (Rep.)
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
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India to impose safeguard duty on steel to curb imports from China, South Korea, Japan
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
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Korea (Rep.) extends fuel tax cuts until June, plans smaller reductions from May
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
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Korea (Rep.), Andorra tax treaty enters into force
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
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Korea (Rep.): National Assembly approves ratification of tax treaty with Andorra
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
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Korea (Rep.): National Assembly approves ratification of tax treaty protocol with Kyrgyzstan
The National Assembly of South Korea (Rep.) has approved the ratification of the protocol to the 2012 income and capital tax treaty with Kyrgyzstan on 13 March 2025. The treaty was signed on 3 December 2024. The protocol will come into effect
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EU, Korea (Rep.) finalise digital trade agreement
The EU and Korea (Rep) finalised a Digital Trade Agreement (DTA) to boost online trade and data flows on 10 March 2025. Announced at the 12th Trade Committee meeting, the agreement will now undergo legal review before final
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