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Lee Hyoung-il rules out corporate tax cut before confirmation hearing

  • Lee Hyoung-il said he is not considering a corporate tax cut.
  • The restored corporate tax rate took effect this year.
  • Lee responded to a ruling party lawmaker before Tuesday’s confirmation hearing.

Finance Minister nominee Lee Hyoung-il said Sunday he is not considering a corporate tax cut, pointing to the restoration of the corporate tax rate that took effect this year. He made the remarks in response to a ruling party lawmaker’s question ahead of his confirmation hearing at the National Assembly on Tuesday.

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