Korea’s Kospi Falls as Government Looks to Raise Corporate Taxes

South Korea’s Kospi drops as much as 1.3% before sharply paring the loss. The government plans to raise corporate taxes to the 2022 level, and retail investors are selling chip stocks.

• “Growing uncertainty surrounding tax policies — such as capital gains taxes on major shareholders and the separate taxation of dividends — is damping investor sentiment,” said Seokkeun Ha, chief investment officer at Eugene Asset Management. “It appears to be a natural pullback following a strong rally,” he added
• Samsung and SK Hynix are the biggest individual contributors to the gauge’s loss Tuesday
• Individual investors are net sellers of ...