According to a recent report from the Korea Herald (English-language), South Korea's Deputy Prime Minister and Finance Minister Hong Nam-ki announced on 12 April 2019 that the government's plan to cut taxes on stock transactions will be implemented with effect from 3 June 2019. As previously announced, the new tax rate cuts are as follows:
- A cut of 0.05 percentage points for stocks listed in KOSPI and KOSDAQ to 0.10 percent and 0.25 percent, respectively; and
- A cut of 0.2 percentage points …