South Korea to allow SMEs with 'excellent' work-family balance to defer tax audits (Yonhap/27 Oct 2024)

Yonhap reports that South Korea plans to support work-family balance in SMEs by allowing companies with an “excellent” designation to defer tax audits. In response to low birth rates, the government also intends to extend leave for women after miscarriages or stillbirths from five to ten days and introduce leave for their partners. More details on these policies will be shared during an upcoming demographic emergency meeting, where a roadmap for a new population ministry is also expected.