Qualcomm and TSMC Signal Chip Price Increases, Pressuring Samsung's Premium Strategy
Qualcomm and TSMC have announced upcoming semiconductor price increases, which are expected to raise cost pressures on Apple and Samsung Electronics' mobile businesses. As Samsung competes fiercely with Apple, analysts suggest that the company will need to raise the average selling price of its Galaxy premium products while expanding the use of its own application processor, Exynos, to maintain profitability.According to industry sources, Qualcomm plans to raise mobile chip prices by double-digi
2026 Tax Reform Plan: Inheritance Tax Rate Relief for Large Corporations Again Falls Short
The government’s 2026 tax reform plan has drawn sighs of disappointment from the business community. With large corporations remaining exempt from the family business inheritance deduction, the implementation of a law aimed at preventing stock price suppression is expected to create a double burden for these companies.On August 3, the Ministry of Economy and Finance announced plans to expand the scope of the family business inheritance deduction. According to the proposal, a 'family business' wi
2026 Tax Reform Plan: Domestic Investment Income Tax Exemptions and Youth ISA Deductions
The South Korean government is introducing a new 'productive finance individual comprehensive asset management account (ISA)' that will exempt all interest and dividend income from investments in domestic stocks and stock funds from taxation. Young investors will benefit from a 10% income deduction on their contributions in addition to the tax exemption.The Ministry of Finance announced these details on August 3 during a meeting of the Tax Development Advisory Committee, unveiling the '2026 Tax
Government Proposes Tax Reforms to Prevent Stock Price Manipulation
The government is strengthening the evaluation method for listed stocks to prevent artificial "stock price manipulation" aimed at reducing inheritance and gift taxes. If a company's price-to-book ratio (PBR) has remained in the bottom tier of its industry for the past six years or if its stock price drops by more than 30% following negative actions affecting its corporate value, the evaluation period will be extended to reassess the taxable amount.On August 3, the Ministry of Economy and Finance
2026 Tax Reform Plan Raises Family Business Inheritance Deduction to 1 Billion Won
The government will increase the family business inheritance deduction limit from the current maximum of 600 billion won to 1 billion won. The management period requirement for the deceased will be extended from 10 years to 30 years, and the post-inheritance management period will also double. This aims to focus benefits on businesses that effectively pass on accumulated technology and management know-how.The Ministry of Economy and Finance announced these details on August 3 during a meeting of
2026 Tax Reform Plan Reduces Property Tax for Homes Valued Under 3 Billion Won
The government's reform of the comprehensive real estate tax will reduce the tax burden for homeowners with properties valued under 3 billion won. The tax will begin to increase for homes valued at 3.5 billion won, and for properties worth 5 billion won, the tax will more than double compared to the current system.According to the '2026 Tax Reform Plan' released by the Ministry of Finance on August 3, the comprehensive real estate tax for a single homeowner aged 60 who has lived in a home valued
South Korea Lowers Capital Gains Tax for Multiple Homeowners After Three Months
The South Korean government is easing the capital gains tax on multiple homeowners just three months after reinstating it on May 10. This move is part of a broader tax reform plan aimed at increasing the burden on homeowners while providing a pathway for selling properties by lowering capital gains tax rates in 2027 and 2028.On August 3, the Ministry of Economy and Finance announced the details of the "2026 Tax Reform Plan" during a meeting of the Tax Development Advisory Committee.Currently, ho
2026 Tax Reform Plan: Property Tax Based on Total Housing Value
The government is shifting the basis for the comprehensive real estate tax from the number of owned homes to the total value of the properties. Additionally, the long-term capital gains tax exemption, previously based on ownership duration, will now focus on actual residency. The plan aims to reduce the burden on primary homeowners while scaling back benefits for high-value, non-resident, and multi-home owners.On August 3, the Ministry of Economy and Finance held a meeting of the Tax Development
2026 Tax Reform Plan: Growth and Relief for Households, Increased Real Estate Taxation
The government will apply tax credits for domestic production in advanced industries such as semiconductors, secondary batteries, and AI robots for the next decade. It will also expand the Earned Income Tax Credit and tax support for youth and local areas. The comprehensive real estate tax will be strengthened, and exemptions and reductions will be adjusted, with total tax revenue expected to increase by 34 trillion won by 2031.The Ministry of Economy and Finance announced the "2026 Tax Reform P
Culture Ministry Addresses Casino Regulation Controversy
The Ministry of Culture, Sports and Tourism has taken a firm stance against the collective backlash from the casino and tourism industries. Responding to claims that the increase in tourism fund burdens and the introduction of a five-year renewal permit system are excessive regulations, the ministry stated that many of these assertions are inaccurate and provided detailed explanations regarding the revenue-based tourism fund assessment and the purpose of the renewal permit system.On August 3, th