SEOUL, Jan 3 (Reuters) – South Korea mentioned on Tuesday it might provide massive tax breaks to semiconductor and different expertise firms investing at house to strengthen its supply-chain safety whereas boosting the financial system.
Firms making capital funding at house could be given as much as a 35% tax deduction and the steps would assist save firms greater than 3.6 trillion received ($2.82 billion) of their 2024 tax cost, the finance ministry mentioned in an announcement.
($1 = 1,276.1200 received)
Reporting by Choonsik Yoo; modifying by Christian Schmollinger
Our Requirements: The Thomson Reuters Belief Ideas.
