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Key points:
- The government plans to offer up to 27 million won over three years to small-and-medium sized companies for every full-time worker they hire.
- Workers aged 34 or under who get hired by small companies will be exempt from personal income tax for five years.
- For those aged 34 or under who work for a small company, cheap loans to pay for house rentals and deposits will be available.
- To encourage entrepreneurship, young people who open their own businesses will be exempt from personal income and corporate taxes for five years.
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