US EditionSouth Korean Industries Minister Nominee Vows US-Style Tax Credits for Chips
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South Korean industries minister nominee vows US-style tax credits for chips
Industries minister nominee Kim Jung-kwan outlined plans Thursday to introduce production tax credits for semiconductors and secondary battery materials, mirroring the U.S. Inflation Reduction Act (IRA). Speaking at his confirmation hearing, Kim stated that “due to U.S. tariff measures and the rise of protectionism, the free trade and international norms that once drove our exports […]
[Digital Daily Reporter Bae Tae-yong] Kim Jeong-kwan, the president of Doosan Energy, who has been nominated as the Minister of Trade, Industry and Energy, is facing a confrontation ahead of the National Assembly confirmation hearing on the 17th. His ‘dual career’ of experiencing both the trade and real economy is raising expectations of a strategic advantage and concerns about his lack of experience within the Ministry of Trade, Industry and En…
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