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Finance

Government keeps ISA terms and contribution limits; anti stock price suppression bill to be revisited in parliament

The government will allow taxpayers to carry over unused annual contribution limits for individual savings accounts (ISA) and will remove limits on contract terms, reversing tougher rules proposed in last month’s tax overhaul plan. The Ministry of Economy and Finance said it finalised a tax law revision bill that includes the ISA changes and plans to submit it to parliament by Sept. 3. It also said a proposal dubbed the anti stock price suppression bill will be further discussed during the regular parliamentary session.

Games & Commerce

Government to inject funds directly into distribution channels with 24 million delivery app coupons, public logistics centres

The government will directly inject fiscal resources into distribution channels in its 2027 budget plan, including delivery apps, gift certificates and agricultural wholesale. Small business support is set to rise to 3.5 trillion won from 2 trillion won in 2026, including a new 124 billion won programme to distribute 24 million 5,000-won discount coupons for a co-prosperity delivery app. The plan also expands local and Onnuri gift certificates, boosts traditional market support and funds a public logistics and distribution structure for agricultural, livestock and fisheries products.

Industry

Government to set up future response fund based on 162.3 trillion won in extra tax revenue, double megaproject budget

South Korea’s government plans to create and set aside a 162.3 trillion won future response fund in its 2027 budget, allocating 45.4 trillion won to four areas: youth, growth engines, regions and education and talent. Spending for “three megaprojects plus AI” covering semiconductors, physical AI and AI data centres rises 97.2 percent to 21.3 trillion won. Total 2027 spending is set at 820.9 trillion won, up 12.8 percent.