SEOUL, Jan. 23 (Yonhap) -- The European Union has removed South Korea from a blacklist of tax havens, lifting the concerns of punitive economic measures and reputational damage, the finance ministry said Tuesday.
EU finance ministers agreed to remove South Korea and seven other countries from the list of non-cooperative jurisdictions for tax purposes, the Ministry of Strategy and Finance said in a statement.
The seven countries are Panama, Mongolia, Barbados, Macau, Tunisia, Grenada and the United Arab Emirates.
In December, EU finance ministers put 17 countries on the blacklist, calling their taxation systems unfair and discriminative.
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