Korea to Exempt Tax on Foreigners’ Govt Bond Investment: Infomax

South Korea plans to exempt taxes on interest income and capital gains for foreigners’ investment in government bonds and monetary stabilization bonds, Yonhap Infomax reports, citing unidentified government officials.

• The move, part of efforts to join the World Government Bond Index, will be announced when finance ministry releases tax rule revision later this month
• Finance ministry says in a statement that it’s considering various measures to boost demand for South Korean government bonds but details such as tax exemption haven’t been decided
• Related story: Korea to Seek Inclusion in FTSE’s Global Govt Bond Index: Yonhap

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