South Korea seeks to lower inheritance tax in first revision since 2000

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South Korea seeks to lower inheritance tax in first revision since 2000 - Business Standard

Quick Summary:

High inheritance taxes have been cited by analysts as a factor behind the "Korea discount", which refers to South Korean firms' comparatively lower valuations.

The finance ministry will submit the proposal to the national assembly, currently controlled by the opposition, by Sept.2.Interfaith marriage? 99.

Couples married between 2024 and 2026 will be given a one-time tax cut of 500,000 won per person to encourage households to have children in the country, whose fertility rate hit a record low in 2023.