2023: South Korean corporate tax-filing companies surpass 1 million, losses increase due to economic slowdown.
2023 saw South Korean companies reporting losses increase due to economic slowdown, with the number of companies filing corporate taxes surpassing 1 million for the first time, according to National Tax Service data. The number of profitable firms grew by 37,000, while loss-reporting companies increased by 12,000. Corporate tax collection reached 81.6 trillion won, down 6.2 trillion won compared to the previous year.
June 24, 2024
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