On 7 September 2016, the Korean National Assembly ratified the following pending tax treaties:
Each of the treaties will enter into force after the ratification instruments are exchanged, and will generally apply from 1 January of the year following their entry into force. However, the India-Korea treaty will apply in India from 1 April of the year following its entry into force and in Korea from 1 January, with the 1985 treaty ceasing to have effect on the dates the new treaty is effective in the respective countries.
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