South Korea plans to introduce new development zones in regional areas, offering various tax benefits, in a move to achieve balanced development across the country.The presidential committee focusing on regional development announced Thursday the introduction of Opportunity & Development Zones (ODZs) as part of the vision and strategy for regional developmentUnder the plan, businesses operating inside ODZs will enjoy a waiver of income and corporate taxes for five years, with an additional 50 percent reduction in taxes for the following two years.

https://n.news.naver.com/mnews/article/009/0005187084?sid=104

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