South Korea looks to catch foreign investors in capital gains tax net
Overseas investors holding stakes of at least five per cent in the country’s listed companies face paying out up to 42% of the profit when they sell.
Long-term investors from territories including Hong Kong, Singapore, India and Australia face having to hand over up to 42% of their profits to the taxman when they cash out of stakes of 5% or more in South Korean-listed companies.
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