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S. Korea to Offer Tax Incentives to Boost Value of Listed Firms

S. Korea to Offer Tax Incentives to Boost Value of Listed Firms

SEOUL, Feb. 26 (Korea Bizwire) — The financial regulator said Monday that it will work to incentivize efforts by local businesses to enhance their own value that will in turn lead to increased returns to investors. The move comes as part of efforts to end the “Korea Discount,” where local shares are traded at prices [...]

S. Korea to Expand Tax Incentives for Chip Industry

S. Korea to Expand Tax Incentives for Chip Industry

SEOUL, Jan. 3 (Korea Bizwire) — South Korea will seek to expand tax incentives on strategic industries such as chips amid the heightening competition in the global market, the finance ministry said Tuesday. Under the proposed tax code revision, the government will apply a higher tax credit rate of 15 percent on facility investment in [...]

S. Korea to Expand Tax Incentives for R&D on Carbon Neutrality Technology

S. Korea to Expand Tax Incentives for R&D on Carbon Neutrality Technology

SEOUL, Jan. 6 (Korea Bizwire) — South Korea plans to provide tax incentives for research and development (R&D) on green technology designed to help cut carbon emissions in an effort to nurture new industries, the finance ministry said Thursday. Currently, the country has picked 235 technologies in 12 sectors, including next-generation vehicles and bio health, [...]

S. Korea to Expand Tax Incentives, R&D Spending on Battery Sector amid EV Race

S. Korea to Expand Tax Incentives, R&D Spending on Battery Sector amid EV Race

SEJONG, July 8 (Korea Bizwire) – South Korea said Thursday it will increase investment to develop the next-generation battery technology, expand its manufacturing base and secure supply chains as it seeks to foster the rechargeable battery industry as the next growth driver. The Ministry of Trade, Industry and Energy unveiled the so-called K-battery blueprint to [...]

S. Korea to Increase Tax Incentives for Corporate Investment

S. Korea to Increase Tax Incentives for Corporate Investment

SEOUL, Jan. 6 (Korea Bizwire) — South Korea will expand tax incentives for companies to increase investments and permit more firms seeking innovative technologies to receive tax credits on research and development (R&D) costs, the finance ministry said Wednesday. The country will expand the scope of corporate assets eligible for tax credits and offer more [...]