INTIEAKorea · 2023 Tax Revision BillPolicyIn force

2023 Tax Revision Bill

The 2023 Tax Revision Bill, that has been signed into law, reintroduced tax credits for investments in overseas resource development. The measure seeks to improve Korea's capabilities to address supply chain issues by providing enhanced fiscal and tax support for obtaining…

Last changed 9 months ago.

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EffectiveJan 01, 2023
Last changeFeb 04, 2026

Country / jurisdiction: Korea · Year: 2023 · Status: In force · Level: National · Type: Voluntary

The 2023 Tax Revision Bill, that has been signed into law, reintroduced tax credits for investments in overseas resource development. The measure seeks to improve Korea's capabilities to address supply chain issues by providing enhanced fiscal and tax support for obtaining overseas resources, such as core minerals.

Eligible investments include acquisition of mining rights, investments in foreign corporations, and direct overseas investments by domestic individuals. The tax credits would apply from 1 January 2024 until 31 December 2026.

Official source: https://www.moef.go.kr/nw/nes/detailNesDtaView.do?menuNo=4010100&searchNttId1=MOSF_000000000065146&searchBbsId1=MOSFBBS_000000000028

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https://www.iea.org/policies/26877

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