[Featured Stock] Hanwha Aero Rises on Defense Facility Investment Tax Credit News
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.
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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%.
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