Ending ‘Korea Discount’ a Key Goal, Top Financial Regulator Says
- FSC vice chair says easing dividend income tax is considered
- Big companies agree with direction of ‘Value-Up’ program: Kim
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South Korea is determined to end a perennial discount of its stock market and create a system that encourages retail investors and companies to rely on equities to raise wealth and capital, the country’s top financial regulator said.
The government’s efforts to enhance corporate valuation will help cushion the financial impact from problems including aging and slowing growth, Financial Services Commission Vice Chairman Kim Soyoung said in an interview on Tuesday. The country’s largest companies, or chaebols, are on board with the initiative and the government is considering easing taxes on dividend income as part of its drive to upgrade capital markets, he added.