January Tax Revenue Rises to 52.9 Trillion Won, Up 6.2 Trillion Won—Securities Transaction Tax Surges 51.7% Amid Stock Market Rally
South Korea's January tax revenue jumped 13.4% year-on-year to 52.9 trillion won, driven by a 51.7% surge in securities transaction tax amid record stock market trading volumes.
Major Shareholder Reduced Dividend Taxation, Securities Transaction Tax Reinstatement Approved by Cabinet
South Korea's Cabinet approved measures to close tax loopholes for major shareholders, reinstate the securities transaction tax, and extend fuel and auto tax cuts, aiming to bolster tax fairness and support consumption.
Securities Transaction Tax Rates to Rise from January—KOSPI 0.05%, KOSDAQ 0.20%
South Korea will raise securities transaction tax rates on KOSPI and KOSDAQ trades from January 2025, while tightening dividend tax rules for major shareholders to enhance tax fairness.
South Korea’s KOSPI faces correction pressure as the government’s tax reform plan disappoints investors, with policy mismatches undermining earlier market optimism and prompting concerns over capital gains tax, transaction tax hikes, and new dividend taxation.
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Tax Reform 'Policy Mismatch' Puts Pressure on KOSPI—Correction Seen as Unavoidable
South Korea’s KOSPI faces correction pressure as the government’s tax reform plan disappoints investors, with policy mismatches undermining earlier market optimism and prompting concerns over capital gains tax, transaction tax hikes, and new dividend taxation.
South Korea's KOSPI index fell over 1% at the open as investors reacted negatively to the government's new tax reform proposal, while US inflation data and global trade tensions added to market pressure.
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Disappointment Over Tax Reform Proposal—KOSPI Opens Down More Than 1%
South Korea's KOSPI index fell over 1% at the open as investors reacted negatively to the government's new tax reform proposal, while US inflation data and global trade tensions added to market pressure.
South Korea's tax revenue through March increased by 8.4 trillion won year-on-year, driven by a 6.5 trillion won rise in corporate tax collections, reflecting improved business performance and increased corporate income.
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Tax Revenue Up 8.4 Trillion Won Through March - Corporate Tax Rises 6.5 Trillion
South Korea's tax revenue through March increased by 8.4 trillion won year-on-year, driven by a 6.5 trillion won rise in corporate tax collections, reflecting improved business performance and increased corporate income.
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