Hyundai Electronics Industries is planning to spin off some of its personal computer and related units to eager staff. The government has enacted new laws to smooth the way for more venture investment, eliminating tax audits for technology companies and providing priority funding and lending for such firms. More legislation is expected to be passed in October. Seoul has also made it easier for foreign investment in venture firms. Mergers and acquisitions, including hostile takeovers, are now permitted, while limits to overseas investment in stocks have been eliminated.
Foreigners are able to buy property under the same conditions as locals.
More is on the way. The hope is that this new money quickly translates into new jobs. All Rights Reserved. Terms under which this service is provided to you. Read our privacy guidelines .