Finance
Korea to expand tax breaks, launch new ISA to encourage long-term domestic stock investment
South Korea will give long-term investors in the National Growth Fund both income deductions on invested amounts and separate low-rate taxation on dividend income. The government will also create a domestic-market-only “productive finance ISA” with significantly expanded tax benefits compared with existing ISAs. Eligible investments will be limited to domestic stocks and funds, the National Growth Fund and BDCs, while overseas ETF investing will be excluded. Tax changes are expected to be reflected in this year’s tax law amendment bill.
