Reported 4 months ago
South Korea's finance minister announced plans to introduce detailed tax incentives as part of corporate reforms to increase the value of listed companies after gathering feedback from market participants in the upcoming months. Minister Choi Sang-mok also pledged continued support for the country's chip industry, aiming to balance fairness and effectiveness in providing tax benefits for companies participating in the "Corporate Value-up Programme." Additionally, South Korea will unveil measures to support the semiconductor industry and enhance a support policy package to boost the global competitiveness of domestic companies, while expressing support for a potential three-way free trade agreement with Japan and China. The minister anticipated consumer inflation stabilizing in the mid-to-lower 2% range in the second half of the year, with expected higher tax revenue in 2024 despite weaker-than-expected corporate tax incomes.
Source: YAHOO