Tag: k-chips act

k-chips act

Latest News

Korea to up tax credit rate for chipmakers, but critical semiconductor act in limbo

A parliamentary committee passed a bill known as the K-chips Act that raises tax credits for chipmakers, but its enactment may be offset by the failure to offer a workweek cap exemption under the Special Act on Semiconductors.

2025.2.18

A vote to pass the revision to the Act on Restriction of Special Taxation takes place at the National Assembly in western Seoul on March 30. [YONHAP]

Korea's K-Chips Act with big tax breaks passes National Assembly

The National Assembly on Thursday passed a bill known as the K-Chips Act to give bigger tax incentives to chipmakers and other strategic businesses.

2023.3.30

Korea chips act all but useless, critics argue

Once hailed as Korea's answer to the U.S. Chips Act, a bill aimed at increasing tax incentives for semiconductor manufacturing facilities was finally passed last week, but it disappointed lawmakers from the two largest parties, the industry and...

2022.12.26

Tag: k-chips act

k-chips act

Latest News

Korea to up tax credit rate for chipmakers, but critical semiconductor act in limbo

Korea's K-Chips Act with big tax breaks passes National Assembly

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Korea chips act all but useless, critics argue