The South Korean Ministry of Strategy of Finance has issued a release addressing concerns regarding the reduction in the maximum ownership threshold for the capital gains exemption on listed shares from 25% to 5%. The reduction is part of the 2018 tax reform, although the enforcement decree is pending consultation. Where the exemption does not apply (ownership threshold exceeded), the gain is subject to tax at a rate of 20% on the gain or 10% on the gross proceeds if the gain is not determin…