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Economy

South Korea to hike corporate tax, bucking global trends

Samsung Electronics, Hyundai Motor could face 25% levy, up from 22%

Some experts are concerned that South Korea's corporate tax hike will impact investment and wages.   © Reuters

SEOUL -- The South Korean parliament is expected to pass Tuesday a bill to increase corporate taxes to 25% for the highest earning companies from next year, deviating from a global trend of corporate tax cuts.

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