Secretariat TPR |
WT/TPR/S/346 |
S-III§139 |
Korea, Republic of |
2016 |
Measures |
Internal taxes |
Energy |
Relevant information
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The transportation-energy-environment tax law was amended in 2016. Under this third three-year extension of its sunset clause, the transportation-energy-environment tax continues to be levied on gasoline (₩475 per litre) and diesel oil (₩340 per litre) until end-2018 (instead of the individual consumption tax); its rates remain unchanged. As of 2016, the flexible transportation-energy-environment tax framework set on 21 May 2009 continued to apply to gasoline and diesel oil within a 30% range of the statutory tax rates, i.e. ₩529 per litre and ₩375 per litre, respectively. Conditional exemptions apply to petrol and diesel used in the manufacture of medical goods, fertilizers and petro chemicals, vehicles for disabled persons or rental usage. (...)
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Secretariat TPR |
WT/TPR/S/346 |
S-III§143 |
Korea, Republic of |
2016 |
Measures |
Internal taxes |
Manufacturing |
Relevant information
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Korea imposes environmental waste charges on certain items that contain harmful substances and are difficult to recycle (Act on Promotion of Saving and Recycling of Resources). The charge is intended to ensure that manufacturers bear the cost of processing waste. It applies equally to imports and domestic goods.
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Keywords
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Environment
Waste
Recycle
Conservation
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Secretariat TPR |
WT/TPR/S/346 |
S-III§149 |
Korea, Republic of |
2016 |
Measures |
Tax concessions |
Manufacturing |
Relevant information
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(...) Investment in facilities for the purpose of environmental conservation made before end-2016 receive a 3% (up to 10% for SMEs) tax credit, which may be carried forward five years if unused.
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Secretariat TPR |
WT/TPR/S/346 |
S-III§150 |
Korea, Republic of |
2016 |
Measures |
Tax concessions |
Fisheries |
Relevant information
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A concessional income tax rate of 9% (8% in 2012) continues to apply to certain activities to enhance social welfare, including fisheries cooperative associations and the tobacco production association. A 50% tax exemption for forestry income remains in place. Interest income (up to ₩30 million) and partnership dividends (up to ₩10 million) are non-taxable for farmers and fishermen. Primary producers also continue to benefit from zero rating for VAT on machinery, fertilizer, and pesticides, and on fishing gear, including nets; and exemption of taxes on petroleum products used for auxiliary private power generation for island areas where it is impossible or difficult for a considerable period to supply electricity.
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Secretariat TPR |
WT/TPR/S/346 |
S-III§160 |
Korea, Republic of |
2016 |
Measures |
Loans and financing |
Energy |
Relevant information
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In line with Article 32 of the 2010 Low-Carbon, Green-Growth Framework Act measures to promote green certification entail: extending loans for the purpose of disseminating new renewable energy; (...)
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Secretariat TPR |
WT/TPR/S/346 |
S-III§161 |
Korea, Republic of |
2016 |
Measures |
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Not specified |
Relevant information
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(...) Grants, tax concessions or concessional loans continue to be used to assist a range of agricultural, forestry, fishing, coal mining, energy, environmental technology R&D, and environmental protection activities. (...)
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Secretariat TPR |
WT/TPR/S/346 |
S-III§163 |
Korea, Republic of |
2016 |
Measures |
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Energy |
Relevant information
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(...) Korea operates subsidies, loans and tax incentive programmes for the deployment of new and renewable energy.
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Secretariat TPR |
WT/TPR/S/346 |
S-III§199 |
Korea, Republic of |
2016 |
Measures |
Intellectual property measures |
Not specified |
Relevant information
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Patent protection under the Patent Act of 1946 (last amended in 2015) is for 20 years from the date of filing (extendable for up to five years for pharmaceuticals and agricultural chemicals undergoing certain market-approval procedures). Both product and process patents may be granted. The grace period for filing is twelve months, and the term of the patent right may be extended when its registration is delayed by more than four years after the filing date, or three years after request for examination when the reason is not attributable to the applicant. Green technology benefiting from government-supported R&D is allowed speedy screening/examination. (...)
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Secretariat TPR |
WT/TPR/S/346 |
S-III§214 |
Korea, Republic of |
2016 |
Measures |
Intellectual property measures |
Chemicals |
Relevant information
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Confidential data submitted to authorities for marketing approval of pharmaceuticals and agricultural chemicals are prohibited from public disclosure unless the authorities see a public interest need (i.e. health, safety, or environmental protection), particularly with respect to pesticides and their ingredients (Agrochemicals Control Act and the Pharmaceuticals Affairs Act). Penalties are up to three years' imprisonment or fines of up to ₩30 million for pharmaceuticals and ₩15 million for agri-chemicals. Unfair commercial use of such data is also prohibited.
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Secretariat TPR |
WT/TPR/S/346 |
S-Table-A3.7 |
Korea, Republic of |
2016 |
Measures |
Other support measures |
Agriculture |
Relevant information
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Table A3.7 Domestic agricultural support notified to the WTO, 2011
(₩ billion)
Below de minimis level of 10%a
Green box assistance
Environmental programmes 516.08
(...)
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