South Korea's National Assembly is considering a draft bill submitted on 25 May 2022 that includes measures designed to help address natural resource supply instability. The main measures include:

• A corporate income tax exemption for dividend income derived from investments in overseas resource development until 31 December 2025;
• The inclusion of foreign subsidiaries wholly owned by a South Korean resident as eligible for the integrated investment tax credit scheme; and
• A special tax credit for investments in the development of overseas mineral resources until 31 December 2025.

Subject to approval, the measures would apply from 1 January 2023.