Are all Foreign Invested Enterprises subject to tax reduction? What kinds of taxes are subject to reduction? Where do I have to apply for tax reduction? Can I get higher tax reduction and exemption as FDI ratio is high? What documents should you bring in to apply for tax reductions at Economic Cooperation Division at the Ministry of Finance and Economy (MOFE)? What must one do for tariff exemption in case the business is subject to tax reduction? FIEs subject to tax reduction are known to receive 100% tax reduction for 7 years and 50% for the 3 years after that. If it is projected that the company will face net loss for the first 3 years are there any incentives? What happens when the tax reduction period is over? Is it possible to apply for tax reduction in case a company changes its scope of business to tax reduction subjected business? What authorities shall I file for applications for tax reduction? The business I invested in was not subject to tax reductions when I registered FDI Notification. However, what if I change to the cutting-edge-packed business subject to tax reduction afterwards, am I eligible for tax reductions? What if I run two businesses: one is subject to tax reductions and the other is not. When should I complete reporting processes for capital goods that are imported for FDI in order to get tax exemption? In case a foreign investor transfers stock for free, does the investor have to pay income tax from transferring stocks? In case the share belonging to a foreign investor has been transferred to domestic investor during the tax reduction period, what happens to previously deducted tax? Is there a problem in taxation if a foreign parent company with capital participation of KRW 100 million provides long term loan amounting KRW 1 billion to a Foreign Invested Enterprise? What are the methods of protecting double taxation by international tax treaty? Where I (= foreign investor) offer capital goods for free to be used in the business sector subject to tax reductions, am I eligible for tax exemption on capital goods?