South Korea Plans Tax Perks for Blockchain Startups

The South Korean government has announced a plan to revise the current tax rules to widen benefits for companies that focus on the development of nascent technologies, including blockchain, as part of the country’s push for innovation growth.

Announced Wednesday, after a meeting of ministers from eight government agencies working on economic policy, tax rates are to be reduced for companies dealing with a range of 157 “new-growth technologies” in 11 areas, according to a report from CoinDesk Korea.

Full article here

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