* Date : 2017-12-05
Business Daily Ep.681
End of low interest rates
The Bank of Korea raised its benchmark interest rate for the first time in over six years, in line with the BOK's efforts to adjust to the changed financial environment. But now, the problem is how do we deal with the nation's household debt that exceeds 1.4 quadrillion won? With the era of ultra-low interest rates over and the rate hike is in full swing, let's look at the top priority of the Korean economy.
Tax breaks for corporations
The U.S. announced tax cuts for corporations for the first time in 31 years recently, while the Japanese government has also announced its plans to cut corporate tax rates by 20%. Korea, on the other hand, has decided to raise rates by max 25% next year. We sit down with an expert to discuss various corporate tax plans that governments have up their sleeve.