There are many things we could no doubt learn from South Korea. How to create an electronics industry that can take on Apple, for example. How to sustain a manufacturing economy even as wages reach developed-world levels, and keep it going without relying on mass immigration for cheap labour. And perhaps now, how to unlock corporate cash piles – and help boost the stock market at the same time.
In the last month, the South Koreans have pushed through tax incentives for companies to start raising their dividends. Now the need for such measures is especially strong in Korea [...]