Minister of Trade, Industry and Energy Kim Jung-kwan stated on the 6th that reform of working hour regulations for key R&D (research and development) personnel in industries such as semiconductors is necessary.
On this day, at the National Assembly Committee for Trade, Industry, Energy and Small and Medium Enterprises audit of the Ministry of Trade, Industry and Energy, Kim (Minister) responded to a question from Democratic Party of Korea lawmaker Jung Jin-wook regarding the introduction of a white-collar exemption for R&D personnel by saying, "I have also raised this issue several times. The more advanced the industry, the more I believe that extending working hours for R&D personnel is good for the country, as well as for companies and individuals."
Additionally, in response to questions regarding cash support of 20 billion won for housing costs for employees of semiconductor cluster companies and residents in the Honam region, __NAME_0__ answered, "That is not true."
Regarding questions about economic incentives such as income tax reductions for a certain period when workers in strategic industries settle in local areas, Kim (Minister) stated, "For companies corresponding to the growth engine of the Mega Special Zone, we initially considered lowering the personal income tax rate but were unable to do so. I understand that reducing personal income tax is somewhat aligned and has been reflected in the tax law."
in ECONOMY
