![Representatives from the liberal Democratic Party and conservative People Power Party discuss the so-called K-chips Act at the National Assembly in western Seoul on Feb. 18. [YONHAP] Representatives from the liberal Democratic Party and conservative People Power Party discuss the so-called K-chips Act at the National Assembly in western Seoul on Feb. 18. [YONHAP]](/data/photo/editor/2025/02/18/501a9855-d461-47a2-8053-798e6254f262.jpg)
Korea to up tax credit rate for chipmakers
A parliamentary committee passed a bill known as the K-chips Act that raises tax credits for chipmakers, but its enactment may be offset by the failure to offer a workweek cap exemption under the Special Act on Semiconductors.