| From Koreatimes.co.kr: Korea plans to launch a commodities exchange where gold and other precious metals are to be traded as early as 2011. The state-run Korea Institute of Public Finance (KIPF) said Tuesday that the country should set up a commodities exchange as early as possible to promote transparent transactions of such goods.
It suggested gold rings, necklaces and other gold works be exempted from value-added tax in a bid to further discourage the smuggling and illegal transactions of the precious metal......................................Full Article: Source
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