Announcement
23 Jan 2024
In January 2024, the South Korean government announced a budget increase of a state aid scheme that offers tax reductions for high-tech strategic technology companies that return their production lines to Korea.
Source
Sign in to access
Number of interventions
2
2 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
23 Jan 2024
Revocation date:
31 Dec 2024
Updated: 23 Jan 2024
Local operations incentive
On 23 January 2024, the South Korean government announced increasing the annual budget of the 'reshoring' state aid scheme which provides incentives for Korean high-tech strategic technology compan...
Sign in to see more
Updated: 23 Jan 2024
Tax or social insurance relief
On 23 January 2024, the South Korean government announced increasing the annual budget of the 'reshoring' state aid scheme from KRW 57 billion (USD 42.6 million) in 2023 to KRW 100 billion (USD 74....
Sign in to see more
Threads
See all
This state act is not part of any Thread yet.