The Korean Government may give new tax benefits to encourage further OLED investments

Business Korea is reporting that the Korean Government may designate OLED technology as a "national strategic technology", which means that companies will be given tax benefits, to encourage further investments and R&D in the OLED industry.

This new designation was proposed by the Korea Display Industry Association and the Ministry of Trade, Industry and Energy. Currently there are 34 national strategy technologies in Korea, including EV batteries, advanced semiconductors and vaccine technologies.

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Posted: Apr 01,2022 by Ron Mertens