Announcement
10 Mar 2020
The Korean Ministry of Trade, Industry, and Energy (MOTIE) announced on March 10, 2020 the various changes to the U-Turn Act and determined that overseas Korean businesses in the information, software, and knowledge services sector can now receive benefits if they move their operations back to Korea.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
11 Mar 2020
Revocation date:
No revocation date
Announced: 10 Mar 2020
In-kind grant
In force
On March 20th, 2020, the Korean Ministry of Trade, Industry and Energy (MOTIE) announced that a revision of the U-Turn Act of 2013 will be effective from March 11th, 2020. The U-Turn Act incentivises ...
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