Acting President Choi Sang-mok emphasized the importance of close communication with parliament to expedite the passage of a bill designed to enhance the country’s capital markets. (Image courtesy of Yonhap)
SEOUL, Feb. 7 (Yonhap) – Acting President Choi Sang-mok on Friday emphasized the importance of close communication with parliament to expedite the passage of a bill designed to enhance the country’s capital markets.
The revised bill, which recently failed to pass, includes provisions for corporate tax reductions for high-performing companies and a separate taxation scheme for dividend income earned by investors in such firms.
As part of the government’s corporate value-up initiative launched in June, the bill aims to encourage listed companies to enhance their market valuation and improve the local stock market performance.
During a regular economic meeting attended by the Bank of Korea governor and the heads of the Financial Services Commission and the Financial Supervisory Service, Choi said the government will work closely with political parties to facilitate the bill’s passage during this month’s extraordinary session of the National Assembly.
He also stressed the need for continued monitoring of the country’s financial and foreign exchange markets, citing heightened uncertainties due to U.S. tariff policies and the industrial impact of the Chinese artificial intelligence (AI) startup DeepSeek.
(Yonhap)
