S.Korea prepares support for small businesses, tax cuts for corporates

FILE PHOTO: South Korean President Yoon Suk Yeol speaks during an interview with KBS at the Presidential Office in Seoul, South Korea, February 4, 2024. The Presidential Office/Handout via REUTERS/File Photo

SEOUL: South Korea's government has prepared financial support for small businesses and tax cuts for companies raising capital returns to shareholders, President Yoon Suk Yeol said on Wednesday.

Yoon was making a televised speech ahead of the government's bi-annual economic policy announcement due later on Wednesday.