The Business Times
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Stingy Korean firms hike dividends to avoid tax

Published Tue, Feb 10, 2015 · 09:50 PM

Seoul

SOUTH Korea's new law compelling big companies to part with "excess" cash or be taxed on it is prompting traditionally tight-fisted Korea Inc to boost dividend payouts.

Last year, South Korea announced plans to tax excessive corporate cash, a move aimed at getting companies to spend more on dividends, wages and investment.

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