The following are the key features of the tax code revisions unveiled by the finance ministry Thursday that aim to help spur economic growth and support the livelihoods of the people. To underpin economic dynamism - promoting investment, employment, regional development - enhancing corporate competitiveness - reinvigorating capital market To revive economy for general public - supporting marriage, childbirth, child rearing - easing burdens of vulnerable people, middle classes - backing small merchants, small- and mid-sized businesses To rationalize taxation system - adjusting tax burdens reasonably, making tax scheme efficient - modifying tax-free, tax deduction measures - boosting transparency of tax revenue base To create taxpayer-friendly environments - improving taxpayers' convenience - protecting taxpayers' rights Source: Yonhap News Agency
Gist of 2024 tax code revisions
Recent POSTS
Seoul Stocks Dip Sharply Following U.S. Tech Sell-Off
October 19, 2026
Passenger Sentenced for Attempting to Open Plane Door Mid-Flight
October 19, 2026
Katseye Shines at Victoria’s Secret Fashion Show
October 19, 2026