Reported 12 months ago
South Korean President Yoon Suk-yeol announced before a half-yearly economic policy meeting on July 3, 2024, that the government will lower the corporate tax rate for businesses under the 'Corporate Value Enhancement Plan' to allow them to increase dividends to shareholders. The government also raised the annual economic growth forecast to reflect increasing exports and substantial first-quarter economic growth. The plan aims to stimulate the undervalued Korean stock market by encouraging companies to increase shareholder returns and provide opportunities for asset formation, among other measures.
Source: YAHOO