According to recent reports, South Korea's Finance Minister announced a decision on 3 November to cancel plans to lower the threshold for capital gains tax on stocks by redefining the term "large shareholder" from 1 January 2021. Currently, only persons with stocks worth more than KRW 1 billion in a single company are considered large shareholders and thus are subject to tax on capital gains from stock sales at rates ranging from 22% to 33%. As previously planned, the threshold for large shar…