Deputy Prime Minister and Minister of Strategy and Finance Yoo Il Ho took office in January, 2016. For further information on his career and educational background.
The Ministry traces its origins back to the Planning Administration and the Ministry of Finance that were launched on July 17, 1948 with the establishment of the government of the Republic of Korea.
The Ministry is committed to driving strong economic development and developing engines of growth through the concerted efforts of its offices and bureaus.
Information on overall financial markets including banking, securities, insurance, non-banking can be found on the Financial Supervisory Commission website.
Information on Common Laws can be found here.
Information on Banking Laws can be found here.
Information on Securities Laws can be found here.
Information on Insurance Laws can be found here.
Information on non-banking Laws can be found here.
Overall information on the budget of the Republic of Korea Government can be found here.
Information on foreign direct investment can be found on the Invest Korea website.
For foreign investors who meet a set of qualifications, corporate and income tax on business income, dividends income, technology loyalty, earned income etc. and duty on capital goods will be exempted or reduced in accordance with the Restriction of Special Taxation Act. Acquisition tax, registration tax, and property tax on properties acquired or held for the operation of the business will be exempted or reduced under local government ordinances mandated by the Restriction of Special Taxation Act. Further information on tax support on Foreign Direct Investment can be found on the Invest Korea website.