S. Korea to Decide Div. Income Tax After Parliament Discussion

South Korea will decide dividend income tax rate after discussing with parliament and hearing market views, Finance Minister Koo Yun-cheol says on Wednesday.

• Koo made the comments when a ruling party lawmaker questioned whether the government’s plan to offer separate taxation on dividend income will actually lead to higher dividend payouts
• NOTE: Govt earlier this year announced new rules, which would lower tax on dividend income; however, some ruling party lawmakers have argued the government must lower the tax rate more to meet market expectation
• NOTE: President Lee Jae Myung said last week that the dividend income tax can be ...