South Korea will provide tax advantages for domestic semiconductor and technology investments
Companies making domestic capital investments would be eligible for a 35% tax reduction, saving them more than 3.6 trillion won ($2.82 billion) in taxes in 2024, according to a statement from the finance ministry.
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South Korea announced on Tuesday that it would provide significant tax cuts to semiconductor and other technology businesses investing in the country in order to ensure supply-chain security while increasing the economy.
Companies making domestic capital investments would be eligible for a 35% tax reduction, saving them more than 3.6 trillion won ($2.82 billion) in taxes in 2024, according to a statement from the finance ministry.
