S. Korea to lower stock transaction tax beginning May 30
- 5 years ago
증권거래세, 30일 매매체결분부터 인하
South Korea is lowering the tax rate on stock transactions from today.
It's a charge levied on all stock transactions whether the investor made a profit or not, which has angered many who suffered losses last year.
Korea Exchange says the transaction tax for the KOSPI and the KOSDAQ is being lowered by 5 one-hundredths of a percentage point, so for both markets the tax will be an even one quarter percent.
It's expected to lead to an increase, to a certain degree, in trading volume.
South Korea is lowering the tax rate on stock transactions from today.
It's a charge levied on all stock transactions whether the investor made a profit or not, which has angered many who suffered losses last year.
Korea Exchange says the transaction tax for the KOSPI and the KOSDAQ is being lowered by 5 one-hundredths of a percentage point, so for both markets the tax will be an even one quarter percent.
It's expected to lead to an increase, to a certain degree, in trading volume.