South Korea said 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. | Reuters
Companies making capital investment at home would be given up to a 35-percent tax deduction which would help companies save more than 3.6 trillion won in 2024 tax payments, the finance ministry said in a statement.This move comes after other countries, such as Taiwan, home to the world’s largest contract chipmaker Taiwan Semiconductor Manufacturing Co Ltd , and the United States announced plans to bring chip production on shore and bolster the domestic industry.
The South Korean finance ministry added that the tax break plans were subject to approval by the parliament, which is dominated by the opposition.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
South Korea, US discuss joint nuclear exercisesSEOUL: Seoul and Washington are discussing joint planning and exercises involving US nuclear assets to counter growing threats from the nuclear-armed North, South Korean President...
Baca lebih lajut »
Yoon says South Korea, US discussing exercises using nuclear assetsThe Chosun Ilbo newspaper quotes the South Korean president as saying that the joint planning and exercises would be aimed at a more effective implementation of the US 'extended deterrence.'
Baca lebih lajut »
US not discussing nuclear exercises with South Korea, says BidenThe United States is not discussing joint nuclear exercises with South Korea, President Joe Biden said on Monday, contradicting remarks by his South Korean counterpart as tensions flare with North Korea.
Baca lebih lajut »
South Korea says it is in talks over joint planning, implementation of US nuclear asset opsSouth Korea and the United States are discussing joint planning and implementation of operations involving US nuclear assets to counter North Korea&39;s threats, Seoul&39;s presidential office said on Tuesday.
Baca lebih lajut »
South Korea to require COVID-19 tests for Hong Kong, Macau travelersSouth Korea’s health authorities said it will impose mandatory COVID-19 tests on travelers from Hong Kong and Macau, after Beijing’s decision to lift stringent zero-COVID policies. | Reuters
Baca lebih lajut »
South Korea asks US for greater role in managing nuclear weapons → BusinessMirrorSouth Korean President Yoon Suk Yeol said his government is in talks with the US on taking a more active role in managing nuclear weapons on the Korean Peninsula, which would mark a significant shift in a decades-old policy among American allies to deter North Korea. “While the nuclear weapons belong to the US, intel
Baca lebih lajut »