Notice of the State Taxation Administration on the Continued Enjoyment of Relevant Tax Treaty Treatment by Korea Export Insurance Corporation after Renaming

This notice confirms that Korea Trade Insurance Corporation (formerly Korea Export Insurance Corporation) may continue to enjoy tax exemption treatment on interest and other income from China under the China-Korea Double Taxation Agreement, as its status as a wholly government-owned financial institution exercising government functions remains unchanged. It also instructs local tax authorities to refund any taxes collected after the renaming that should have been exempted.