Hanwha Aerospace's stock price is on the rise. The news that companies investing in facilities in the defense industry sector will receive a tax credit benefit of up to 18% is believed to be influencing the stock price.
As of 10:17 AM on the 28th, Hanwha Aerospace was trading at 191,000 KRW, up 11,900 KRW (6.64%) compared to the previous trading day. During the session, it rose to 195,900 KRW, marking a 52-week high.
The Ministry of Economy and Finance announced on the 27th, in the '2023 Tax Law Amendment Follow-up Enforcement Rules Revision,' that large enterprises, medium-sized enterprises, and small and medium enterprises investing in facilities in the defense industry sector will receive tax credits of 6%, 10%, and 18%, respectively.
Additionally, facility investments in ▲military satellite system technology ▲military propulsion system technology ▲large nuclear power plant manufacturing technology ▲ammonia power generation technology will also receive tax credits of up to 18%.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
