Gov't, Saenuri mull over delaying taxes for shipbuilder subcontractors
May 24, 2016
The government and the ruling Saenuri Party said Tuesday they will consider holding off on taxing the subcontractors of financially troubled shipbuilders to help those companies better deal with the sweeping restructuring efforts under way.During the meeting, the two sides agreed to give tax-related favors and waive mandatory insurance fees from the subcontractors of local shipbuilders as they have been struggling with belt-tightening measures to stay afloat amid the present industrywide slump."