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South Korea , Friday 17 April 2026

South Korea plans tax breaks on domestic chip and tech investments

Published on: Monday 02 January 2023

South Korea plans tax breaks on domestic chip and tech investments SEOUL (Reuters) -South Korea said on Tuesday it plans to offer large tax breaks to semiconductor and other technology companies investing at home to strengthen its supply-chain security while boosting the economy. Companies making capital investment at home would be given up to a 35% tax deduction which would help companies save more than 3.6 trillion won ($2.82 billion) in 2024 tax payments, the


News source: https://www.msn.com/en-ca/money/topstories/south-korea-plans-tax-breaks-on-domestic-chip-and-tech-investments/ar-AA15UbKd

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