Search results for financial investment income tax
Finance
KOSPI hits 8,000 as debate returns over reviving financial investment income tax
With the KOSPI heating up and breaking above 8,000 intraday, debate has resurfaced over reviving South Korea’s financial investment income tax. Labour and civic groups call for normalising taxation of financial income, arguing capital income is insufficiently taxed compared with wages. President Lee Jae-myung has also raised the need to reform securities transaction and capital gains taxes. Opponents warn the tax could hurt sentiment and spur outflows, while the government has not formalised reintroduction.
Finance
Gu Yoon-cheol says South Korean stocks still undervalued, financial investment income tax depends on market conditions
Deputy Prime Minister and Finance Minister Gu Yoon-cheol said South Korea\'s stock market remains at a low level compared with advanced economies and has room to rise further. He said the KOSPI has topped its record 7,000 and the market capitalisation ranking has risen to seventh from 13th since the new government took office. Gu cited PBR data and pointed to the semiconductor cycle and AI demand as key variables, while taking a cautious stance on reviving the financial investment income tax.
Finance
New year KOSPI rally; stronger dividends, RIA and ISA tax breaks to bring forward KOSPI 5,000 era
South Korea’s stock market has extended a sharp early-year rally, with the KOSPI rising above 4,400 in two sessions. The government plans stronger tax incentives including a new individual savings account (ISA), a return-to-domestic-market account (RIA) for reinvestment from overseas stocks, and low-rate separate taxation for dividends. It also plans to raise securities transaction tax rates back to 2023 levels while advancing its value-up programme.