Yoon said these tax benefits will be given to companies that "actively expand dividends and push for low-rate separate taxation on shareholders' dividend income tax," according to a Google translation.
South Korea's President Yoon Suk Yeol speaks during a ceremony held to mark the 74th anniversary of the start of the 1950-1953 Korean War, in Daegu on June 25, 2024.South Korean President Yoon Suk Yeol has announced tax cuts for companies that increase capital returns to shareholders under the country's "corporate value up program.
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