South Korea MOEF, Unveils Tax Package to Stabilize FX Market and Encourage Capital Repatriation (Includes original text)
The Ministry of Economy and Finance (MOEF) announced on December 24 a new tax incentive package aimed at stabilizing the foreign exchange market and correcting structural imbalances in capital flows. The measures are designed to address heightened FX volatility caused by the rapid increase in overseas investments by individual investors and to encourage the repatriation…