The government is considering announcing tax breaks for small business owners in addition to the benefits included in the new taxation plan for next year. 

In a meeting with small business owners in a Seoul café on Wednesday, Finance Minister Kim Dong-yeon said the ministry will look to further support small businesses along with the tax code revision. 

Kim said that the government plans to announce a set of measures for small business owners later this month. 

However, he added that the measures appear to be insufficient and that the government is reviewing a possible tax reduction plan for small firms.  

On Monday, the government revealed a revision to the tax code that increases the tax burden of multiple homeowners while expanding tax benefits to the underprivileged and small companies.