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South Korea Launches Comprehensive Review of 2026 Tax Reform Package After Presidential Directive

GateNews
Stocks

According to Yonhapnews on August 10, South Korea's government initiated a comprehensive review of its 2026 tax reform proposals following President Lee Jae-myung's directive on August 7 over significant investor and youth backlash.

The review addresses revisions to Individual Savings Accounts (ISA)—which removed carryover limits and capped contract duration at 5 years—and the stock price manipulation prevention law, which imposes a minimum 30% stock value upward adjustment for tax purposes when low price-to-book valuations are detected. Expected completion by end of August.

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In-Depth Analysis

Lee Jae-myung Orders Full Review of ISA Reform and Stock Suppression Plan

Lucas Bennett08-08 23:39

South Korea President Lee Orders ISA Reform Review After Investor Backlash

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South Korea Tax Reform on Stock Price Suppression Shows Limited Scope

Lucas Bennett08-07 23:27
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