US EditionSeoul shares sharply down late Friday morning following US tariff deal, tax reform proposal
6 Articles
6 Articles
What kind of fool would be a bureaucrat? The KOSPI plummeted 3.9% due to the tax hike bomb. Following the government's announcement of a tax reform plan, the domestic stock market plummeted on the 1st, leading to a fierce backlash from individual investors, known as "ants." The ruling party, alarmed by the public criticism, is increasingly demanding a reexamination of the tax reform plan.
연합뉴스-Yonhap News Agency
Naver(Seoul = Yonhap News) Reporter Lee Min-young = KOSPI plummeted on the 1st due to disappointment over the government's tax reform plan, falling to the 3,110 range in one fell swoop.
Seoul shares sharply down late Friday morning following US tariff deal, tax reform proposal
Korean stocks traded markedly lower late Friday morning, as investors assessed the impact of the Donald Trump administration's new tariff scheme on industry, as well as a new proposal by Seoul to rais...
[Digital Daily Reporter Park Ki-rok] The domestic stock market, which opened on the 1st, continued its downward trend, centered on financial and securities stocks, and high-dividend ETFs, due to the burden of the "tax reform plan" announced the previous afternoon, which includes strengthening the stock transfer tax for major shareholders. As of 11:00 a.m. on the same day, the KOSPI index was at 3,150.92, down 94.51 points (-2.91%) from the previ…
Korean Stock Markets Tumble Amid Tax Reform Shock, Investors Revolt
President Lee Jae-myung answers questions from participants at a meeting held at the Korea Exchange in Yeouido, Seoul, on June 11. (Presidential Office Press Corps) The KOSPI and KOSDAQ indices plunged by about 4%, ushering in a "Black Friday" due to the tax increase bombshell. This marks the largest drop in about four months since the Trump-induced tariff shock on April 7 (KOSPI -5.57%, KOSDAQ -5.25%). As investors’ backlash intensified, the s…
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