South Korea's Defense Acquisition Program Administration (DAPA) has announced that tax credits for investment have been extended through the addition of the defense sector to the list of qualifying "new growth and source technologies." Through the listing of the sector, companies investing in research and development (R&D) and facilities related to advanced weapons systems can qualify for investment tax credits of 6% to 18% with retroactive effect from 1 January 2024. Specific areas of f…