[Photo] Ruling Party and Government Officially Announce Corporate Tax Rate Hike from 24% to 25% and Major Shareholder Threshold Change from 5 Billion to 1 Billion Won
by Kim Hyunmin
Published 29 Jul.2025 10:56(KST)
![[Photo] Ruling Party and Government Officially Announce Corporate Tax Rate Hike from 24% to 25% and Major Shareholder Threshold Change from 5 Billion to 1 Billion Won](http://www.asiae.co.kr/news/img_view.htm?img=2025072908391162830_1753745951.jpg)
Lee Hyungil, the First Vice Minister of Economy and Finance, speaks during a closed-door ruling party-government meeting on tax reform held at the National Assembly Members' Office Building on July 29.
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