(2nd LD) Gov't to offer temporary tax benefits to retail investors investing back home | Yonhap News Agency

Contributing sentiments towards policy:

61% : The finance ministry on Wednesday announced a package of tax benefits aimed at revitalizing the domestic capital market, including a temporary incentive for retail investors who sell overseas stocks and reinvest the proceeds in domestic assets.
52% : Under the plan, individual investors who sell overseas stocks, convert the proceeds into the Korean won and make investments in domestic equities for at least one year will be granted temporary tax relief on capital gains from overseas stock sales for a period of one year, the Ministry of Economy and Finance said.
52% : Under the new measure, tax exemptions will be capped at 50 million won (US$34,300) per person, the ministry said.
46% : In addition, the government will support major brokerage firms in swiftly launching forward-selling products for individual investors, as many retail investors currently lack sufficient tools to manage FX risks. To reduce double taxation on dividends received by domestic parent companies from overseas subsidiaries, the government will raise the dividend income exclusion ratio from the current 95 percent to 100 percent, the ministry said.

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