Choi-nomics: South Korea Focuses on Higher Dividend Payouts

Investor's Business Daily - Investing RSS http://ift.tt/1r2zP6e South Korea has generally been underperforming other emerging markets recently, but the KOSPI, a broad measure of South Korean equities, hit a three-year high in anticipation of higher dividend payments. Newly appointed finance minister Choi Kyung-hwan announced tax measures that will incentivize corporations to unlock billions of dollars in cash reserves and redistribute them in the form of dividends and capital expenditure (capex). Choi stated "The goal of the plan