Search results for income deduction
Finance
Second public participation National Growth Fund sales begin, raising 600 billion won
Sales of the second public participation National Growth Fund open on Sept. 30, allowing retail investors to invest in the government’s National Growth Fund programme. The fund will raise 600 billion won and invest in future advanced industries such as AI, semiconductors, energy and biotech. Asset managers including Mirae Asset, KB and Samsung have begun fundraising, while brokerages opened dedicated savings accounts and started sales. The product includes a loss-buffer structure and tax benefits tied to holding requirements.
Crypto
Need domestic exchange incentives, auto-reporting before digital asset taxation begins
South Korea should prepare incentives to encourage use of domestic digital asset exchanges and build an automated calculation and reporting system linked to exchanges before digital asset income taxation begins in January, a report said. Areas such as overseas exchanges, private wallets and over-the-counter trading remain hard for tax authorities to track, it said. The National Assembly Budget Office also called for clearer taxation standards by transaction type and measures to encourage voluntary reporting.
Finance
Youth Future Savings applications begin, focus on young adults\' fund flows
Applications for the Youth Future Savings policy savings product began on Sunday, drawing attention to whether young adults\' money will extend beyond deposits and instalment savings into individual savings accounts (ISA) and domestic investment products. The product offers a 3-year fixed rate with maximum rates of 7 to 8 percent. Interest in ISA accounts is also rising, while overlap limits among youth-targeted products could affect demand.
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Finance
Public-participation national growth fund sells out on first day; what to check before investing
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Finance
Samsung Asset Management launches Samsung public participation national growth fund
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Finance
Shinhan Bank launches National Growth Fund sales to link investment to advanced industries
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Finance
Retail investor fund backing advanced industries to launch in May, drawing mixed hopes and worries
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Finance
Ruling party and government seek fast-track for three bills to stabilise exchange rate
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Finance
Woori Investment Securities runs event to support innovative Kosdaq companies
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Finance
National Growth Fund to offer up to 40 percent income deduction; RIA cherrypicking curbs detailed
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Finance
KOSPI 5,000 countdown as government tightens stock manipulation surveillance
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Finance
Korea to expand tax breaks, launch new ISA to encourage long-term domestic stock investment