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Search results for Korea Institute of Finance

Crypto

Cautious on financial investment income tax, presses ahead with digital asset tax as equity dispute lingers

The government is holding to its plan to impose tax on digital asset income from 2027 while taking a cautious stance on introducing the financial investment income tax, keeping alive an equity dispute with listed stocks. The industry says preparation is lacking, including verification of acquisition costs and tax standards by transaction type, and calls for a review of the timeline. Analysts and industry groups also raise issues such as loss carryforwards, data links and overseas trading information.

Finance

ISA revamp plan under review after reconsideration, compared with advanced financial countries

South Korea\'s government is reviewing whether to scrap or ease limits in its ISA revamp plan, including restrictions on rolling over unused contribution limits and maturity caps for a productive finance ISA. The move follows investor backlash and President Lee Jae-myung\'s order for a full reconsideration. The article compares practices in Japan, Britain and Canada, where tax-advantaged accounts allow long-term use, flexible withdrawals and rollover of unused limits.

Finance

Lee orders financial watchdog to check loan loophole despite curbs on expensive home borrowing

South Korean President Lee Jae-myung (이재명) said restrictions on borrowing to buy expensive homes could be sidestepped if those homes are later used as collateral for business loans. He asked financial authorities to review possible system fixes and questioned the level and effectiveness of a proposed macroprudential levy on loans tied to high-priced homes. Financial Services Commission Chairman Lee Eok-won said authorities have checks to prevent misuse of business loans and would tighten oversight.