English < Article List - DigitalToday

Search results for Youth Future Savings Plan

Finance

Youth Future Savings Plan applications top 2 million

Applications for South Korea\'s Youth Future Savings Plan have topped 2 million, with demand expected to continue as the deadline nears. The Financial Services Commission and the Korea Inclusive Finance Agency said cumulative applications stood at 2.012 million as of 1 p.m. on July 2. Applications are open until 6:30 p.m. on July 3. Eligibility screening will run from July 6 to July 24, with results notified individually.

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.