Finance Minister Nominee Lee Hyoung-il Rules Out Corporate Tax Cut

According to The Korea Herald, finance minister nominee Lee Hyoung-il said Sunday that he is not considering a corporate tax cut, citing the restoration of the corporate tax rate that took effect this year. Lee made the remarks in response to a ruling party lawmaker’s question ahead of his confirmation hearing at South Korea’s National Assembly on Tuesday. He said discussions on a corporate tax cut are not under consideration.