Doing Business
in Korea

Korea to expand tax benefits for global M&As in chip, vaccines and battery sectors S. Korea is seeking to expand tax benefits to facilitate domestic M&As of foreign entities in the areas of semiconductors, vaccines, and batteries dubbed national strategic assets amid the intensifying global race and prolonged supply chain disruptions. Under the tax reform plan from the new government pending legislative review and approval, the government proposes to grant up to 10 percent ta