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Further to the report on the South Korean administration's plans to introduce tax cuts, the Finance Minister on 1 September 2008 announced the following:
| - | The personal income tax rate is to be reduced by for all income brackets by 2010, from the current 8% to 35%, to 6% to 33%; | |
| - | The income deduction is to be increased from KRW 1 million to KRW 1.5 milli… |
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