S.Korea Yet to Consider Overhaul of Inheritance Tax, Lee Says

South Korea has not fully explored revising the inheritance tax, President Lee Jae Myung said Wednesday, amid debate over whether the country needs to cut the tax as a way to court more investments and prevent an exodus of citizens.

• Lee, when asked about the inheritance tax at a news conference, said the issue is highly contentious and involves questions of both effectiveness and fairness
• Lee suggested easing rules for the inheritance tax before taking office, but said at the event that he has not had a chance to examine “a fundamental overhaul of the inheritance tax itself”
• Lee said ...