On July 3, Jin10 Data reported that the latest commitment from the South Korean president has stimulated a surge in bank stocks. KB Financial Group rose by 6.9%, reaching a new all-time high. Hana Financial Group rose by 7.8%, and Shinhan Financial Group rose by 6.1%. The South Korean KOSPI index rose by 0.3%. President Moon Jae-in of South Korea stated that tax benefits will be provided for companies that actively expand dividends, and the tax rate on shareholder dividends will be reduced.
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South Korean President: Provides tax benefits to companies that actively expand dividends
On July 3, Jin10 Data reported that the latest commitment from the South Korean president has stimulated a surge in bank stocks. KB Financial Group rose by 6.9%, reaching a new all-time high. Hana Financial Group rose by 7.8%, and Shinhan Financial Group rose by 6.1%. The South Korean KOSPI index rose by 0.3%. President Moon Jae-in of South Korea stated that tax benefits will be provided for companies that actively expand dividends, and the tax rate on shareholder dividends will be reduced.