The South Korean government is reportedly planning to introduce incentives for companies to increase dividends along with a reduction in the taxation of dividends for individuals. For companies that increase dividends and treasury stock by more than 5% over the average for the previous three years, the government proposes a 5% tax credit on the increase. For individuals receiving dividend income, the government proposes a reduction in the tax rate on dividend income of up to KRW 20 million fr…