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Rule changeComputeGovernmentSouth KoreaReported

Korea passes K-Chips Act, raising chip investment tax credits to 15% for large firms

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South Korea’s National Assembly passed the K-Chips Act on 30 March 2023, an amendment to the tax law for national strategic industries including semiconductors, secondary batteries and future cars. The credit for facility investment by large companies rises from 8% to 15%, and for small and medium-sized firms from 16% to 25%.

Why it matters

Korean chipmakers, which supply much of the memory used in AI accelerators, can claim larger tax credits on new fab investment in Korea.

When
30 Mar 2023
ID
WTA-N-2023-0051
Who
National Assembly of Korea

Summary by wheresthe.ai, from Korea JoongAng Daily and the reporting credited above. We could not open the primary document, so it is marked Reported. Checked against the source on 9 Oct 2026.

Source copy: download the page as saved on 18 Oct 2026 (PDF). Also held by the Internet Archive.

Next stop on this Storyline: Led toSouth Korea announces a 26 trillion won support package for its chip industry

Data to measure this

Compare the years before 2023 with the years since in these series.

  • BACI product-level trade databaseCEPIIHarmonised annual bilateral trade for about 5,000 HS6 products among about 200 countries, including chips.Years: 1995-present · annual · download · CSV · Covers before and after
  • UN ComtradeUnited Nations Statistics Division · paidBilateral goods trade by reporter, partner and product code, for example HS 8542 integrated circuits.monthly · api · CSV, JSON, API

All data for South Korea

Cite this story

WTA-N-2023-0051: “Korea passes K-Chips Act, raising chip investment tax credits to 15% for large firms.” wheresthe.ai, 30 Mar 2023. https://wheresthe.ai/d/kr-k-chips-act-tax-credits-2023-03/ (source: Korea JoongAng Daily).

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