Search results for gift tax
Industry
Semiconductor tax windfall to fund \'future response\' scheme, but materials and equipment support missing
South Korea plans to use at least 100 trillion won in tax revenue expected from a semiconductor boom for future investment through a new fund, but critics say the plan leaves out support for materials, parts and equipment suppliers. A bill on the fund has completed a legislative notice period and would take effect upon promulgation. Officials expect much of the funding to come from higher corporate tax receipts as semiconductor profits are reflected.
Finance
Hana Bank launches tailored trust for gifts to grandchildren and children
Hana Bank has launched a long-term asset management trust product aimed at seniors planning lifetime gifts to their grandchildren or children. The product allows a trustee manager such as a grandparent to be designated and restricts withdrawals or termination without that manager’s approval. The bank said the structure can help ensure assets are used for purposes set by the donor, such as tuition or wedding funds, and can be invested through a trust account.
Finance
Interest in children\'s accounts grows, from ETF futures to tax-saving strategies
Rising stock markets and demand for children’s financial education are driving rapid growth in investment accounts opened in minors’ names, with products expanding beyond traditional savings to ETFs, funds, pension savings accounts and gold. Securities firms data show sharp increases in new accounts, while average balances and new-account investment amounts have fallen in some age groups. The article outlines popular ETF options, gift-tax deductions, reporting deadlines, and tax considerations for overseas stocks, ETFs, pension accounts and gold trading accounts.
