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Fintech

RIA deduction rate cut to 80 percent amid muted return of Korean retail investors

The tax deduction rate on capital gains from overseas stocks in return-to-domestic-market accounts (RIA) fell to 80 percent this month from 100 percent, and will drop to 50 percent from August, complicating efforts to draw overseas equity money back to South Korea. Data showed limited domestic inflows through RIA and a May shift to net selling of U.S. stocks, while U.S. stock holdings by Korean investors still rose. Industry voices call for measures beyond tax breaks to boost the appeal of local markets.

Finance

Samsung Asset Management defends single-stock leveraged ETF fees by stressing liquidity

Samsung Asset Management put fees for single-stock leveraged ETFs tied to Samsung Electronics and SK Hynix at the top end of the industry, drawing attention as issuers cut fees. The firm said investors should focus on liquidity, bid-ask spreads and cost savings from an in-kind creation and redemption structure. An executive said total fees and trading costs differ, and short holding periods make spreads more influential on returns than annual charges.

Finance

KakaoPay Securities\' RIA accounts top 50,000 as profit-taking funds shift to South Korean semiconductors

KakaoPay Securities said its returning-to-Korean-stocks account, known as RIA, surpassed 50,000 openings as of May 6, about 45 days after launch. The company said funds from profit-taking in overseas AI and semiconductor stocks such as Nvidia and Tesla moved into South Korean bellwethers including Samsung Electronics and SK Hynix. It said AI and semiconductor themes accounted for the largest share of top holdings in both overseas and domestic stock portfolios.