Search results for National Fiscal Strategy Meeting
Industry
Semiconductor tax windfall to fund \'future response\' scheme, but materials and equipment support missing
South Korea plans to use at least 100 trillion won in tax revenue expected from a semiconductor boom for future investment through a new fund, but critics say the plan leaves out support for materials, parts and equipment suppliers. A bill on the fund has completed a legislative notice period and would take effect upon promulgation. Officials expect much of the funding to come from higher corporate tax receipts as semiconductor profits are reflected.
Games & Commerce
Five game industry associations call for tax credit for game production costs
Five South Korean game and e-sports associations urged the government and parliament to add a tax credit for game production costs to the 2026 tax revision plan and to extend and expand an e-sports tournament operating cost credit set to expire at year-end. They said games account for about 60 percent of K-content exports but are excluded from existing production cost tax credits. They also called for raising the e-sports credit rate and expanding its geographic scope nationwide.
Industry
President Lee says future response fund to be backed by semiconductor tax windfall; 2027 spending to top 800 trillion won
South Korean President Lee Jae-myung (이재명) said a future response fund will be created using excess tax revenue from semiconductors. He said large additional revenue from an AI semiconductor boom will be invested in future, youth, regional and education areas. The government will also support three mega projects including semiconductors, physical AI and AI data centres. Next year’s total spending will be set at 800 trillion won plus alpha, more than 10 percent above this year’s main budget.
