tax incentive Archives | Be Korea-savvy

S. Korea to Emerge as No. 1 Chip Powerhouse with 510 tln-won Investment by 2030

SEOUL, May 13 (Korea Bizwire) – South Korea said Thursday it plans to provide massive tax incentives and state subsidies to chipmakers to encourage them to spend a combined 510 trillion won (US$453 billion) by 2030, in line with its vision to become a global powerhouse in both memory and non-memory chips. Under the plan [...]

Gov’t to Give Tax Breaks, Ease Listing Rules to Boost KOSDAQ Market

SEOUL, Jan. 11 (Korea Bizwire) — The government will give tax breaks to individuals that invest in mutual funds for startups and soften some listing rules for the junior KOSDAQ stock market, officials said Thursday. The move is part of a new policy move to boost the KOSDAQ market and help smaller firms raise funds [...]