South Korea Seeks Tax Cuts for US Investment by Firms Such as Samsung

South Korea Seeks Tax Cuts for US Investment by Firms Such as Samsung
People walk past the logo of Samsung Electronics at the company's Seocho building in Seoul, South Korea, on July 30, 2020. Jung Yeon-je/AFP via Getty Images
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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 on 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 executives that both countries can benefit by strengthening supply chain cooperation.