US EditionGov't to Leave Capital Gains Tax Threshold for Stock Investment Unchanged: Minister
The government reversed a plan to lower the capital gains tax threshold from 5 billion won to 1 billion won to protect investor sentiment and support market growth, officials said.
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Gov't to leave capital gains tax threshold for stock investment unchanged: minister
The government has decided to keep the threshold for capital gains tax on stock holdings at the current level of 5 billion won ($3.6 million), Finance Minister Koo Yun-cheol said Monday. In July, the Ministry of Economy and Finance had proposed lowering the threshold to 1 billion won from the current 5 billion won, stoking concerns of a potential decline in investor sentiment among financial circles. Koo said the government decided to keep the c…
South Korea retreats on capital gains tax changes to calm markets and investors
South Korea’s finance ministry’s decision to keep the capital gains tax threshold for major shareholders at $3.6 million (5 billion won) exposes the Lee Jae-myung administration to questions over fiscal credibility and long-term revenue stability, despite relieving immediate pressure on the equity market. The abrupt reversal of a July plan to tighten the definition of […] The post South Korea retreats on capital gains tax changes to calm markets…
The government has decided to maintain the standard for 'major shareholders' who must pay stock transfer tax at 5 billion won per stock. Deputy Prime Minister and Minister of Strategy and Finance Koo Yoon-chul told reporters after the ruling party-government meeting held at the National Assembly today (15th), "The government is asking for the revitalization of the capital market."
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