South Korea’s inheritance tax sparks millionaire exodus

Rigid inheritance laws blamed as 2,400 wealthy residents leave the country. Business group seeks reforms including tax ...

Korea's inheritance taxes get blame for world's 4th-largest millionaire exodus

Korea has emerged as one of the countries experiencing the world’s largest outflow of wealthy individuals, in part due to its ...
The Chosun Ilbo on MSN

2,400 wealthy South Koreans flee over 50%+ inheritance tax

The number of high-net-worth individuals who left South Korea last year surged to 2,400, doubling the previous year’s figure. As the accelerating outflow of wealthy individuals is attributed to ...
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[Inside Chodong]Do All Roads Lead to 'Stock Prices'?... Greater Caution Needed for Tax Neutrality

On the day the KOSPI surpassed the 5,000 mark for the first time in history, the president once again expressed support for the “Stock Price Suppression Prevention Act.” The intention is to correct ...