The Korean government plans to add new tax incentives for strategic technologies, increasing the tax deduction possible to 40-50% for small and medium-sized companies, and 30-40% for large businesses. Korea's display sector is already protected as a strategic industry - and last year the government added OLED specifically as a national strategic technology.
Korea's Finance Ministry announced it plans to add tax incentives worth up to $711 million per year, as it hopes to attract more investment into new growth drivers and boost the local economy.
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Posted: Jan 25,2024 by Ron Mertens
