Korea will cut R&D investment tax 30% for high-tech firms

The Korean government has announced a series of R&D-related tax reductions in an effort to ignite economic growth. This will benefit high-tech companies but CFOs need to assess the financial implications.

By Mark Agnew

May 9, 2016

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On April 28, the Korean Ministry of Strategy and Finance released comments by Deputy Prime Minister Yoo Il Ho promising to reduce tax on research and development (R&D) investment by 30% for the country’s high-tech industry. The sweetener is part of a concerted effort to stimulate its listing economy, although no timeline for the changes was immediately offered.

Highlights of Yoo Il’s proposals include:

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