■ Significance of tax incentives
The foreign investment business essential to strengthening the competitiveness of domestic industries may get tax reduction such as corporate tax, income tax, acquisition tax, registration tax, property tax, etc. in accordance with the Restriction of Special Taxation Act (article 9 of the Act).
■ The following businesses are deemed necessary in order to strengthen the international competitiveness of domestic industries and determined by the Minister of Strategy and Finance through the deliberation of the Foreign Investment Committee (Notification of the Ministry of Planning and Finance).
o Industrial support service business
– Businesses which have large effects on supporting development of other industries such as manufacturing support or with highly added values and considered to be necessary for enhancing the international competitiveness of the domestic industries
- Technologies relative to Information processing and computer operation related
- Technologies relative to development and production of Software (S/W)
- Automatic management system technologies using computers
- e-commerce related technologies, etc.
o Other businesses which involve high technologies
– It is a business which accompanies the technologies of which development levels are low or which are not developed and one which is deemed to be required to strengthen the international competitiveness of the domestic industries.
- Manufacturing and design of computers (more than 64 bit)
• Manufacturing of computer storage devices, input/output devices, other peripherals and their parts
- Manufacturing of broadcasting, wireless communication devices and their core components
- Manufacturing of semiconductor elements, materials, equipment, and their
