The Democratic Party of Korea (DPK) is proposing to eliminate the capital gains tax on financial investments in South Korea, aiming to strengthen the country's financial markets and stimulate economic growth. The decision is expected to be made during the National Assembly's final regular session on December 10. Governor Lee Bok-hyun of the Financial Supervisory Service (FSS) supports the plan, believing it will attract global investors and enhance South Korea's competitiveness in global finance. The move comes as South Korean lawmakers continue to grapple with crypto taxation policies. The elimination of the tax could boost investor confidence and drive domestic investment. The session is also expected to ignite discussions on how to balance market innovation with regulatory oversight. South Korea's crypto market has experienced an influx of funds as investors transferred $19.2 billion from demand deposits in banks to higher-risk assets like cryptocurrencies and stocks.



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