Search results for tax credits
Telecommunications & Media
2026 state audit puts PHP security, LG Uplus hacking cover-up allegations and AI policy in spotlight
Lawmakers grilled officials at a parliamentary audit over the government’s response to PHP security flaws, the decision-making process for a 4.7 trillion won frontier AI project and allegations LG Uplus covered up a hacking incident. The science ministry said it would prepare cross-government security measures and pursue regulatory improvements to foster the AI industry. LG Uplus said it would take appropriate responsibility if the allegations are confirmed.
Crypto
Blockchain Association urges U.S. Congress to overhaul crypto tax rules
The Blockchain Association urged U.S. lawmakers to overhaul digital asset tax rules, calling for exemptions for small transactions and for stablecoins to be treated as cash for tax purposes. It also sought taxation of mining and staking rewards when they are sold, and limits on broker reporting duties to intermediaries that custody or control customer assets. The group did not endorse specific legislation and said it would continue discussions as bills move forward.
AI & Enterprise
Race to foster AI data centres; industry calls for deregulation and tax credits
Industry figures called for developing AI data centres as \"AI factories\" that produce computing resources, citing job creation and regional balanced development. At a forum hosted by the Korea Telecommunications Operators Association in Seoul, an SK Telecom executive urged attracting big tech AI computing demand and building domestic production hubs, while calling for deregulation and tax credits. Speakers also outlined planned sub-regulations for a special AI data centre law, including power-capacity criteria, streamlined permits and special zones outside the capital region.
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AI & Enterprise
AI becomes key issue in U.S. midterm elections, from data centers to jobs
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Industry
Solar cell domestic production tax credit pushed; Hanwha Solutions says no effect without direct pay
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AI & Enterprise
Batteries gain ground as AI data centre power strains make them cheaper than gas turbines
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Industry
LG Energy Solution Q3 operating profit 756.0 billion won, up 26 percent year on year
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AI & Enterprise
Hwang Jung-a says PPA cap is 40 MW for 1 GW AI factory; Bae Kyung-hoon cites LNG pilot talks
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Industry
U.S. clean energy policy change ripples as tax credits cut for 3,446 projects
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Mobility
U.S. EV sales drop after tax credit ends, power demand also shifts
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Industry
Clean energy fake news spreads in U.S., distorting narratives on EVs and wind power
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Mobility
Harvard study says EVs to make up 32 percent of U.S. new car sales by 2030
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Games & Commerce
K-content industry targets 220 trillion won sales by 2030, calls for tax, finance, legal overhaul
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Industry
U.S. effectively bars Chinese batteries for power grids, putting energy storage market on alert
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Industry
U.S. midterm election nears as Korean battery makers face crossroads over AMPC tax credit defence line
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Industry
Semiconductor export boom swells Korea budget, setting up September parliamentary clash
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Industry
Anthro Energy breaks ground on U.S. battery materials plant to pave way for all-solid-state batteries
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Games & Commerce
Five game industry associations call for tax credit for game production costs