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Keyword：tax credit
South Korean Lawmaker Proposes Designating SMRs as National Strategic Technology
Kim Jung-jae, a lawmaker from South Korea's People Power Party, recently proposed an amendment to the Special Tax Limitation Act, calling for small modular reactors (SMRs) to be included in the category of national strategic technologies, thereby supporting related R&D, talent development, and facility investment through tax credits. Kim believes that SMRs are a next-generation nuclear technology that balances carbon neutrality goals with stable energy supply. As global technological and industrial competition in the SMR market intensifies, South Korea needs to further improve its institutional foundation to promote the development of the related industry. According to the proposal's explanation, the commercialization and export competitiveness of SMRs depend not only on R&D outcomes but also on the facility level of the manufacturing supply chain, workforce capabilities, and international quality standards and certification...
2026-08-26
South Korea Designates SMR and MMR as National Strategic Technologies; South Gyeongsang Province Says It Will Promote Transition of Nuclear Power Companies
South Gyeongsang Province said on August 4 that it welcomes the South Korean government's designation of Small Modular Reactors (SMR) and Micro Modular Reactors (MMR) as national strategic technologies in the 2026 tax reform plan. Under the relevant arrangement, the South Korean government will revise the Special Tax Treatment Control Act and its enforcement decree to include industries related to small modular reactors of 300 MW or less and micro modular reactors of 20 to 30 MW class within the scope of national strategic technologies. Going forward, companies conducting R&D on SMR and MMR technologies or investing in related facilities will be eligible for higher tax credits for R&D and facility investment. South Gyeongsang Province believes that this policy will provide an opportunity for local nuclear power companies to transition into the SMR...
2026-08-05