The tax deduction rate on capital gains from overseas stocks sold through Korea’s return-to-domestic-market account (RIA) will fall to 50 percent from 80 percent from the end of this month, prompting doubts about its policy impact. The Financial Supervisory Service said the deduction rate is determined by the settlement completion date, not the trade date. While RIA accounts increased, growth has slowed and total balances have declined, as buying of U.S. stocks has picked up again.

South Korea\'s Financial Services Commission plans to overhaul financial sector governance, including changes to the process for renewing chief executives to block long-term control built on friendly boards. It also plans to expand the National Growth Fund to 200 trillion won and pursue a full lifting of network separation rules to support productive finance and artificial intelligence transformation. The FSC also outlined steps on inclusive finance, regional policy finance and capital market reforms.