The bill comes as other countries introduce steps to bolster domestic chip industries, including the United States which last month released details of the Chips Act, offering billions of dollars in subsidies for chipmakers that invest in the country. (Reporting by Heekyong Yang and Choonsik Yoo; Editing by Jacqueline Wong)
SEOUL, March 30 (Reuters) - South Korea's parliament on
Thursday approved a bill that offers large tax breaks to
strategic industries, including semiconductors, investing at
home to strengthen its supply-chain security while boosting the
economy.
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