Korean Government Reveals Plans to Offer Tax Credits for Webtoon Production Costs
Eligible content includes webtoons, digital comics distributed via online network
To enhance South Korea's position in the worldwide market for digital comics, the government has decided to offer tax incentives worth approximately 10-15% of production expenses for this type of content.
The government has announced a new measure in their 2025 tax reform plan that aims to boost the country's cultural influence globally by supporting one of its most successful content industries.
According to Korea's "Promotion of Comics Act," eligible content comprises of webtoons and digital comics. These must be distributed through online networks. Costs covered include planning, production labor, licensing fees for source novels, and software expenses related to creating webtoons. However, marketing or promotional expenses are not included in these costs.
Large corporations will receive a 10% tax credit on expenses related to their webtoon release in the fiscal year it becomes available online. This credit will continue until the end of 2028 for small- and medium-sized enterprises as well, who will receive a 15% credit on their webtoon expenses during that same fiscal year.
Source: YNA ( link ) (Kyung-rak Min)
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