SEOUL, Jan. 17 (Korea Bizwire) — South Korean retail investors have emerged as deep pockets in the stock market, pouring in more than 100 trillion won (US$90.6 billion) since early last year, data showed Sunday. Individual investors net bought a combined 102.2 trillion won in local and overseas stocks from Jan. 2, 2019, to Friday, [...]
SEJONG, June 25 (Korea Bizwire) – South Korea said Thursday it plans to revise a law to expand capital gains taxes to all stock investors beginning in 2023, while lowering a stock transaction tax. Under the plan, all investors who hold listed stocks will be subject to a tax rate of 20 percent. If they hold [...]
SEOUL, Oct. 2 (Korea Bizwire) – The Korea Securities Depository will initiate a campaign, jointly with KB Kookmin Bank and Hana Bank, to find the owners of stock investment accounts and return the remaining balance in the dormant accounts. A Korea Securities Depository official said on October 1, “The three financial institutions will offer the service in support [...]
SEOUL, May 17 (Korea Bizwire) – The number of domestic investors who buy and sell overseas stocks directly without the mediation of brokers is on the rise rapidly. Up until now, most investors had to purchase stock funds in order to make investments in foreign stocks. This pattern has emerged since last year. According to [...]