Taiwan, South Korea negotiate agreement on double taxation avoidance

Focus Taiwan
Date: 2017/09/19
By: Elaine Hou and Ko Lin

Taipei, Sept. 19 (CNA) An official of the Korean Mission in Taipei said Tuesday that South Korea and Taiwan have enjoyed close exchanges in recent years and that the two sides are now negotiating an agreement on the avoidance of double taxation to further boost bilateral trade.

Speaking to CNA after a Taiwan-South Korea cultural and economic exchange meeting held in Taipei, Deputy Representative of Korean Mission in Taipei Park Kijun expressed hope that the pact can be finalized as soon as possible.

Taiwan and South Korea are already important trade partners, and the two sides should seek ways to cooperate more with each other, Park said, pointing out that his country is currently Taiwan’s fifth-largest trading partner, while Taiwan is South Korea’s sixth-largest.    [FULL  STORY]