S.Korea Says No Review of Extra Tax on Overseas Stock Investment

South Korean government hasn’t reviewed any additional capital gains taxes on overseas stock investment, finance ministry says in a statement on Thursday.

• The statement came after some local media, including Chosun Ilbo, reported that Finance Minister Koo Yun Cheol hinted at possibility of extra tax on overseas stock investment by Korean retail investors to support the won
• NOTE: Koo told reporters on Wednesday that the government is not considering the use of tax tools but it’s open to reviewing various options depending on circumstances
  • Koo made the comments when asked whether the government is weighing tax incentives or penalties ...