Rigid inheritance laws blamed as 2,400 wealthy residents leave the country. Business group seeks reforms including tax ...
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 ...
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 ...
Inherited assets from your loved one, whether in the form of cash, stocks or real estate, can be subject to inheritance taxes, depending on your relationship and inheritance value. While most states ...
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