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S. Korean Firms at Kaesong Complex to Pay New Tax

South Korean firms at the Kaesong Industrial Complex will begin paying a land-use tax to North Korea this year, South Korea’s Unification Ministry said Wednesday. Under an inter-Korean deal regulating the management of the complex, the South Korean firms were exempt from the tax for the first 10 years after the establishment of the industrial park in 2004. Park Soo-jin, deputy spokeswoman for the ministry, told reporters that the government would begin negotiations with North Korea on...

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