Tax Credits for Domestic Production of Solar Power, Semiconductors, and Secondary Batteries Until 2036 (Comprehensive)

연합뉴스-Yonhap News Agency

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(Seoul = Yonhap News) Reporters Cho Seong-heum and Shin Chang-yong = The government [is planning] domestic... to expand the domestic production base for strategic industries such as semiconductors, secondary batteries, and artificial intelligence (AI) robot components

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The government has established a production-based tax credit system to promote domestic production in six strategic industries, including semiconductors and AI. The main objective is to induce regional investment and increase the self-reliance of the domestic supply chain for key components by applying a preferential credit rate of up to 1.5 times for production in non-metropolitan areas.