January 11, 2018 11:52
Facebook on Wednesday promised to pay its taxes in Korea and set up a start-up support outfit in Pangyo south of Seoul to develop the Korean Internet ecosystem.
Facebook vice president Kevin Martin visited the government complex in Gwacheon, Gyeonggi Province and said the company "will do our best" to abide by local tax laws as Korea is one of the countries where it vowed to adopt a "local selling structure."
Facebook plans to set up the "Innovation Lab" in the first quarter of this year.
Martin said Korea is an important market with a cutting-edge high-tech infrastructure and vowed to cooperate to bolster the country's Internet ecosystem.
Facebook has been in talks since last year with SK Broadband and LG Uplus over network usage fees.
Facebook, Google and other Internet giants have been widely slammed for dodging taxes in many countries where they operate and maintain big offices.
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