SEOUL, Jan. 20 (Korea Bizwire) – The South Korean government said Tuesday that it would introduce a temporary tax incentive aimed at encouraging retail investors to bring money back home, as policymakers seek to stem persistent capital outflows that have weighed on the nation’s currency. Under the plan, individual investors who sell overseas stocks this [...]
SEOUL, Nov. 13 (Korea Bizwire) — South Korea will extend a tax break to companies listed on the KOSDAQ stock market and revamp listing rules to help small and medium-sized firms raise funds through the junior market, the country’s financial regulator said Monday. Details of the tax incentive, including how much tax will be deducted, [...]
SEOUL, Sept. 3 (Korea Bizwire) — South Koreans spent more at duty-free shops this year after the government widened tax breaks last year, while domestic consumption remained in the doldrums, a survey showed Thursday. According to the survey conducted by online travel agency Expedia on 1,000 salaried workers between the ages of 20 and 49 in the [...]