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Revision of the Foreign Investment Promotion Act
Date
2020.06.12
Revision of the Foreign Investment Promotion Act
(Effective August 2020)
Re-investment of retained earnings shall be recognized as foreign direct investment (FDI) and incentives will also be provided in accordance with the regulations.
Cash grant incentives for FDI, which were given to the material, parts and equipment industry and new growth technology industry, will be extended to high-tech sectors under the Industrial Development Act.