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Republic of Korea: Further increase in tax credit for investments in national strategic technologies

Description

On 30 March 2023, the South Korean National Assembly approved a temporary additional increase in the tax credit rate for investments in national strategic technologies. The temporary additional increa...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

11 Apr 2023

Revocation date

31 Dec 2023

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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