South Korea's Yoon pledges to extend tax benefits for chip investments


FILE PHOTO Dutch Prime Minister Mark Rutte not pictured holds a press conference with South Korean President Yoon Suk Yeol during his visit to the Netherlands following an invitation from King Willem-Alexander of the Netherlands in The Hague Netherlands December 13 2023. REUTERSPiroschka van de WouwFile Photo

FILE PHOTO: Dutch Prime Minister Mark Rutte (not pictured) holds a press conference with South Korean President Yoon Suk Yeol during his visit to the Netherlands following an invitation from King Willem-Alexander of the Netherlands, in The Hague, Netherlands, December 13, 2023. REUTERS/Piroschka van de Wouw/File Photo

SEOUL (Reuters) - South Korean President Yoon Suk Yeol said on Monday that he would extend tax credits on investments in the domestic semiconductor industry to boost employment and attract more talent.

The country, home to the world's top memory chipmakers Samsung Electronics and SK Hynix, aims to expand tax breaks and support to raise the competitiveness of high-tech sectors including those involving chips, displays and batteries.

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