Search results for Securities Transaction Tax
Politics & Government
Park Hong-geun says Future Response Fund to invest in AI and regions
South Korea\'s government is considering a broad range of investment targets for a Future Response Fund to be formed from additional tax revenue, including AI and other advanced industries as well as rural and regional projects. Planning and Budget Minister Park Hong-geun said about 10 trillion won in extra funds had been secured from a surge in securities transaction tax and would be reviewed for contributions to rural development and agricultural growth. The fund\'s size has not been disclosed.
Finance
South Korea first-half fiscal deficit narrows to 84.4 trillion won
South Korea\'s fiscal deficit in the first half narrowed from a year earlier as revenue rose faster than spending, the budget agency said on Aug. 13. The managed fiscal balance stood at a 84.4 trillion won deficit as of end-June, 9.9 trillion won smaller than a year earlier. Total revenue rose to 381.9 trillion won, led by national tax revenue, while total spending increased to 425.8 trillion won.
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.
