Finance minister nominee says corporate tax cut not under consideration

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SEOUL, Sept. 13 (Yonhap) -- Finance Minister nominee Lee Hyoung-il said Sunday the he is not considering a corporate tax cut, citing the restoration of the corporate tax rate that took effect this year.

The nominee made the remarks in response to a ruling party lawmaker's query on whether he would pursue a corporate tax cut, ahead of his confirmation hearing at the National Assembly on Tuesday.

"Discussions on a corporate tax cut are not under consideration," Lee said, adding that the restored corporate tax rate came into force this year.

In 2022, the previous Yoon Suk Yeol government slashed the top corporate tax rate from 25 percent to 24 percent before the following Lee Jae Myung administration restored the rate beginning this year.

"The government restored the corporate tax rate by 1 percentage point in order to normalize the corporate tax burden and establish a virtuous cycle between growth and tax revenue by using the resources generated through tax normalization to support corporate competitiveness," he explained.

In response to another lawmaker's query about his position on calls for further differentiation in corporate and other tax rates in favor of companies operating in regions outside of the capital area, Lee said a more careful approach is needed in consideration of tax equality and the impact on overall fiscal condition.

In this file photo, Finance Minister nominee Lee Hyoung-il (C) speaks to reporters in Seoul on Sept. 3, 2026. (Yonhap)

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Finance minister nominee says corporate tax cut not under consideration

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首尔，9月13日（韩联社）——韩国财政部长候选人李亨日周日表示，他不考虑降低企业所得税，理由是今年已经恢复了企业所得税税率。

这位候选人是在周二国民议会确认听证会之前，回应执政党议员关于他是否会推行企业减税的质询时发表上述言论的。

李表示，“目前没有考虑降低企业所得税的讨论”，并补充说，恢复后的企业所得税税率已于今年生效。

2022年，尹锡悦政府将最高企业税率从25%降至24%，而李在明政府从今年开始恢复了该税率。

他解释说：“政府将企业所得税税率恢复了1个百分点，目的是使企业税负正常化，并通过利用税收正常化产生的资源来支持企业竞争力，从而在经济增长和税收收入之间建立良性循环。”

针对另一位议员询问他对进一步区别对待企业和其他税率，以惠及在首都地区以外地区经营的公司这一呼吁的立场，李表示，考虑到税收公平和对整体财政状况的影响，需要采取更加谨慎的做法。

这张资料照片显示，韩国财政部长提名人李亨日（中）于2026年9月3日在首尔向记者发表讲话。（韩联社）

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财政部长提名人表示，目前不考虑削减企业税。