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Korean Government Suspends Reduced Exemption Threshold for Gains on Listed Shares

|Approved Changes|Korea, Rep of
Korea, Rep of

The South Korean Ministry of Strategy of Finance has published a release announcing a decision to suspend enforcement of the reduction in the maximum ownership threshold for the capital gains exemption on listed shares from 25% to 5%, which was included as part of the 2018 tax reform. The decision to suspend enforcement is a result of strong opposition from the financial investment industry, and in particular securities firms, which expressed that the change would have a negative impact on i…

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