Tag: tax credit

tax credit

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A construction site for the world's largest semiconductor cluster to house Korean chipmakers, including Samsung Electronics and SK hynix, in Yongin, Gyeonggi. [Yonhap]

Government will subsidize $75 million to lure industries back to Korea

Korea is offering financial incentives to encourage companies to bring production facilities back from overseas. The measures include corporate investment subsidies, extended tax discounts and tax credits for R&D.

2024.1.23

An electric vehicle charging station in Seoul [NEWS1]

U.S. senator urges Treasury Department to tighten EV tax credit standards to preclude China

A U.S. senator urged the “strictest possible” standards to preclude Chinese battery firms from getting electric vehicle (EV) tax credits, while expressing concern over their pursuit of joint ventures in Korea and Morocco.

2023.11.14

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[Column] Pass the chip bill Korea!

The legislature must end the wasteful wrangling and pass the tax incentive act for chip investments quickly.

2023.2.22

[Editorial] Our chipmakers need taxpayers' money (KOR)

Those companies must do their best to develop advanced technologies so as not to frustrate the support from the government and expectations from people.

2023.1.4

[Editorial] Our chipmakers need taxpayers' money

Those companies must do their best to develop advanced technologies so as not to frustrate the support from the government and expectations from people.

2023.1.3

[Column] Tipping the scale between shrimp and whale

If our politicians continue dragging their feet, the country may revert to being a shrimp again.

2022.12.25

Unfair treatment of Korean electric vehicles (KOR)

The exemption of South Korean electric vehicle (EV) models from $7,500 tax credit for American car buyers under the Inflation Reduction Act (IRA) has startled the Korean auto conglomerate, industry and government.

2022.8.23

Unfair treatment of Korean electric vehicles

2022.8.22