Korean Retail Investors Push Back Against Proposed Cut in Major Shareholder Threshold
The Korean government’s plan to lower the threshold for defining a major shareholder—from KRW 5 billion (approx. USD 3.8 million) to KRW 1 billion (approx. USD 760,000)—is sparking strong opposition from domestic retail investors. The move, which would significantly expand the number of investors subject to capital gains tax, is part of the Ministry of…