South Korea Seeks Tax Cuts, Incentives for US Investment
Voice of America
SEOUL - South Korea requested from the United States incentives such as tax deductions and infrastructure construction to ease the U.S. investment of Korean firms, including leading chipmaker Samsung Electronics, its presidential office said Friday.
South Korean President Moon Jae-in, in Washington for a summit with U.S. President Joe Biden, told a gathering of U.S. Secretary of Commerce Gina Raimondo, her South Korean counterpart and CEOs of Qualcomm, Samsung and other companies that both countries can benefit by strengthening supply chain cooperation. Biden has advocated for support for the U.S. chip industry amid a global chip shortage that has hit automakers and other industries. He met with executives from major companies including Samsung in April and previously announced plans to invest $50 billion in semiconductor manufacturing and research.Palestinians gather at the site of an Israeli strike on a camp for internally displaced people in Rafah on May 27, 2024. Fire rages following an Israeli strike on an area designated for displaced Palestinians, amid the ongoing conflict between Israel and Hamas, in Rafah in the southern Gaza Strip, in this still picture taken from a video, May 26, 2024. Palestinians gather at the site of an Israeli strike on a camp for internally displaced people in Rafah on May 27, 2024. A member of the bomb squad of the Israeli police collects debris after a rocket fired by Palestinian militants struck in the Israeli city of Herzliya on May 26, 2024.
Georgian President Salome Zourabichvili, right, and Prime Minister Irakli Kobakhidze, left, leave a podium after marking Independence Day in Tbilisi, Georgia, May 26, 2024. Demonstrators with Georgian national and EU flags rally during an opposition protest against a foreign influence bill as they mark their country's Independence Day, in the center of in Tbilisi, Georgia, May 26, 2024.