“The economic battlefield, which recently began with chips, has expanded, countries are providing large-scale subsidies and tax support,” said President Yoon Suk Yeol earlier today, “we must support private investments to ensure further growth. The government must provide location, R&D, manpower, and tax support.”
The Korean government’s strategy aims to raise the tax deduction rate for facility investments in chips and other strategic technologies from 8% to 15%.
