South Korea set to abolish financial investment gains tax

As of 2025, President Yoon Suk Yeol pledges to eliminate capital gains taxes in order to facilitate the growth of personal assets. Yoon intends to bring the local stock market into compliance with international norms and advance corporate ideals by eliminating the "Korea discount." Yoon also aims to alter commercial laws to reflect the interest of minor shareholders and assist investors in building and managing their assets.
 
Yoon states, "People and companies grow together in the stock market, which is a place for coexistence. It serves as a ladder of opportunity for people to accumulate assets as well.” He declared the government would construct a “thorough” computer system and expand asset management programs to dispel the stigma in investing during his term.
 
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Read more on the Korea discount: https://lnkd.in/gfZWPVM7