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 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."of the government's biannual economic policy announcement, Yoon said that these tax benefits will reward companies that"actively expand dividends and push for low-rate separate taxation on shareholders' dividend income tax," according to a Google translation.
Yoon was referring to the"corporate value up program" from the country's financial regulatory body, which aims to boost its undervalued local markets.