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2d ago

Kospi Tops 3,400 After Government Shelves Capital-Gains Threshold Cut

Foreign inflows rose following officials’ confirmation that the current 5 billion won rule for major shareholders will stay in place.

The Korea Exchange headquarters in western Seoul on Sept. 15, 2025 (Yonhap)
Image
Finance Minister Koo Yun-cheol speaks at a meeting of economy-related ministers in the government complex in central Seoul on Sept. 15, 2025. (Yonhap)
A dealing room at Hana Bank in central Seoul on Sept. 16, 2025 (Yonhap)

Overview

  • Deputy Prime Minister and Finance Minister Koo Yun-cheol announced the reversal, scrapping July’s plan to lower the bar to 1 billion won.
  • The index reached 3,409.14 in the first 15 minutes of trading, extending a record-setting run to a fourth session.
  • Chip leaders paced the advance, with Samsung Electronics up 2.12 percent and SK hynix up 1.83 percent in early trade.
  • Foreign investors were net buyers at the open, offsetting selling by institutions and individuals.
  • Both the Democratic Party and People Power Party claimed credit for the surge, following President Lee’s remark that there was no absolute need to lower the bar.