South Korea Considers Tax Breaks For Blockchain Startups

News, Regulation | July 19, 2018 By:

The South Korean government is planning to revise the current tax rules in order to promote job creation and support emerging technologies, including blockchain.

During the 4th Vice Ministerial Meeting on “Growth through Innovation,” ministers from eight government agencies discussed plans to reduce taxes for companies dealing with a range of 157 “new-growth technologies”