Holding Stocks Under 5 Billion KRW? Now No Capital Gains Tax [3-Minute Brief]

[3-Min Brief 3-Second Summary]
① 'Semiconductor Barometer' Micron's Earnings Recovery
② Wealthy People Avoiding Inheritance Tax by Going for 'Investment Immigration'
③ South Korea's Total Debt Hits Record 6000 Trillion This Year

MARKET INDEX

- US New York Stock Market rebounds after a sharp drop
- Micron surges over 8%... Semiconductor stocks strong
- Oil prices fall as Angola announces OPEC withdrawal

TOP 3 NEWS

■ Capital gains tax threshold for major shareholders raised from 1 billion to 5 billion KRW

- Ministry of Economy and Finance announces amendment to Income Tax Act enforcement decree
- "Measures to ease market volatility caused by year-end stock sales"
- To be approved at next week's Cabinet meeting... Applied from next year's capital gains

■ 'Performance barometer' Micron signals recovery... Samsung and SK Hynix Q4 expectations rise

- US Micron's sales turn to growth after six quarters
- Impact of memory industry production cuts and semiconductor price increases
- "Could serve as an indicator of semiconductor market recovery"

■ Korea's first single '3 trillion KRW club' department store Shinsegae... Thanks to the MZ generation

- Shinsegae Department Store Gangnam branch surpasses 3 trillion KRW in sales this year
- Excellent location and innovative attempts are growth secrets
- More than half of new customer sales come from the 20s and 30s age group

Graphic News: Korean wealthy flock to investment immigration costing 1 billion KRW

- Korea's inheritance tax rate (50%) higher than OECD average (25%)
- 800 Korean millionaires immigrate... More per capita than China
- US investment immigration requires at least 1 billion KRW... Canada and others also require over 1 billion KRW

the Chart: Korea's total debt expected to surpass 6000 trillion KRW for the first time this year

- Total debt size expected to exceed 6000 trillion KRW for the first time
- GDP ratio up 4.9 percentage points in one year... Korea only country increasing among OECD
- Household debt ratio decreased but corporate and government debt increased

Term in the News: 5 million KRW 'vacant house tax' if abandoned

- Imposed on owned houses that are not rented or used
- Aims to stabilize real estate market and encourage focused investment
- Introduced in UK, Canada (Vancouver, Toronto), Japan, etc.

Today's Key Schedule

○ Domestic
- KOSPI DS Danseok listing, public offering price 100,000 KRW
- KOSDAQ Hana 30 SPAC listing, public offering price 2,000 KRW
- KOSDAQ IBKS 23 SPAC listing, public offering price 2,000 KRW

○ Overseas
- 08:30 Japan November Consumer Price Index
- 08:50 Japan Monetary Policy Meeting Minutes
- 16:00 UK Q3 GDP - 22:30 US November Personal Spending
- 22:35 Canada Monthly GDP

◇ Lunch & Commute Weather

○ Lowest temperature: -15℃(0℃) ｜ Highest temperature: -7℃(0℃)
○ Precipitation probability Morning 0%｜Afternoon 0%
○ Fine dust Morning Good｜Afternoon Good

3 minutes is OK, essential time-efficient economic news. Published daily at 8 AM.