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Stock plunge gives South Korea business owners chance to save on succession costs

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Ageing owners of South Korean companies are taking advantage of a coronavirus-induced plunge in stock prices to transfer stakes to kin on the cheap, in what will eventually soften the blow of one of the world's highest rates of inheritance tax.

[SEOUL] Ageing owners of South Korean companies are taking advantage of a coronavirus-induced plunge in stock prices to transfer stakes to kin on the cheap, in what will eventually soften the blow of one of the world's highest rates of inheritance tax.

From massive family-run chaebols...

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