Samsung Electronics and SK hynix are experiencing strong gains. This is interpreted as the impact of the 'K-Chips Act,' which increases tax credits for semiconductor companies, passing through the National Assembly's Committee on Strategy and Finance.
On the 19th at 9:19 a.m., Samsung Electronics is trading at 58,300 won, up 1,400 won (2.46%) from the previous trading day. SK hynix is also trading at 218,000 won, an increase of 8,000 won (3.81%) from the previous day.
The strong performance of semiconductor corporations appears to be significantly influenced by the passage of the 'K-Chips Act' in the Committee on Strategy and Finance. The committee reviewed and decided on a bill the day before that raises the integrated investment tax credit rate for semiconductor corporations by 5 percentage points compared to the previous rate.
If the revision passes in the National Assembly's plenary session, the tax credit rate for semiconductor corporations' facility investments will increase from 15% to 20% for large and medium-sized corporations, and from 25% to 30% for small and medium-sized enterprises. With the application of the revision, Samsung Electronics is expected to save approximately 2 trillion won annually, while SK hynix is likely to save around 500 billion won in taxes.