Major

Read

Gains

Coin

<ul class="wp-block-list news-points">
 <li>South Korea to address the abolition of capital gains tax on Dec. 10.&nbsp;&nbsp;</li>
 <li>The Financial Supervisory Service backs policies for capital market growth.&nbsp;&nbsp;</li>
 <li>DPK prioritizes financial investment tax reform during the year-end session.&nbsp;</li>
</ul>
South Korea’s Democratic Party of Korea (DPK) is moving to abolish the capital gains tax on financial investments, with a decision expected during the National Assembly’s final regular session on December 10. The proposal is part of a larger effort to strengthen the country’s financial markets and stimulate economic growth.
Governor Lee Bok-hyun of the Financial Supervisory Service (<a href="https://www.fsc.go.kr/eng" target="_blank" rel="noopener noreferrer nofollow">FSS</a>) voiced strong support for this plan, highlighting its potential to attract global investors and bolster South Korea’s competitive edge in global finance.
<h2 class="wp-block-heading" id="h-major-reforms-on-the-agenda-for-national-assembly">Major Reforms on the Agenda for National Assembly</h2>
December 10 marks the last regular session of the <a href="https://in.investing.com/news/world-news/national-assembly-in-skorea-to-vote-on-yoons-impeachment-motion-amid-presidents-public-apology-4563128" target="_blank" rel="noopener noreferrer nofollow">National Assembly for 2024</a>, setting the stage for significant financial policy changes. A DPK spokesperson emphasized that removing the tax could enhance investor confidence and drive domestic investment.
<a href="https://coinedition.com/19b-leaves-south-korean-banks-heading-straight-to-crypto-and-stocks/" rel="noopener noreferrer nofollow">Read also: $19B Leaves South Korean Banks—Heading Straight to Crypto and Stocks</a> … 
The post <a href="https://coinedition.com/south-koreas-financial-overhaul-includes-ending-capital-gains-tax/" rel="noopener noreferrer nofollow">South Korea’s Financial Overhaul Includes Ending Capital Gains Tax</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

South Korea’s Financial Overhaul Includes Ending Capital Gains Tax

Table of Contents

Coin Edition

Other articles published on Dec 9, 2024

XRP’s Next Bullish Phase: Will It Reach $6, or Will This Low-Cap Crypto Take the Lead?

XT Exchange Suspends Withdrawals After $1.7M Hack

Will Crenshaw’s Policies Shape Crypto Regulations?

Dogecoin Price Prediction: DOGE Plunges 5%, But This Vote-To-Earn Meme Coin ICO Roars Toward $6 M...

Small Investments, Massive Gains: 3 Top Altcoins Set to Create Millionaires by 2025

Price Prediction For TRON: Investors Weigh The Prospect On FXGuys ($FXG) Against TRON Amid Recent...

Join our free newsletter for daily crypto updates!