This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

South Korea's finance minister pledges full support for investment in future mobility

( May 9, 2023, 07:56 GMT | Official Statement) -- MLex Summary: South Korea’s Finance Minister Choo Kyung-ho pledged full support for businesses investing in future mobility and promised to reduce unnecessary regulations that could impede growth in the future mobility sector, during his visit to a Hyundai car factory in the southern city of Ulsan today. He said the government will prioritize the development of future mobility technologies, such as improving battery life, enhancing safety of autonomous-driving technologies and supporting necessary human resources for the sector. The minister added that businesses can benefit from tax incentives of 25 percent to 35 percent for investing in electric vehicle-manufacturing facilities under an upcoming special tax law decree. Meanwhile, Hyundai Motor Company announced its plan to build a full EV manufacturing facility in Ulsan, with a total investment of 2 trillion won ($1.5 billion). The statement, in Korean, is attached. ...

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Documents

Related Sections