Financial package in South Korea: Government plans measures to support stock investors and small businesses.

Financial package in South Korea: Government plans measures to support stock investors and small businesses.

According to a report by ch.marketscreener.com, the South Korean government is planning a comprehensive financial package to support stock investors and small business owners suffering from high interest rates. This move comes ahead of the general elections and during presidential political discussion forums. The government will scrap the capital gains tax on income from stock investments introduced by the previous government. In addition, the rules for short selling stocks are to be improved to ensure a level playing field between retail investors and institutional investors. Local banks will also return interest income to small businesses and the self-employed, and a “credit discount” will be given to those in arrears on loan repayments.

The South Korean government's measures to support stock investors and small businesses are expected to have a positive impact on the local market. The removal of capital gains tax on income from stock investments is expected to increase the attractiveness of stock investments and potentially lead to an increase in trading volumes on the stock market. Additionally, the improved short selling rules could help increase investor confidence and contribute to more stable market performance in the long term.

Measures to reduce the burden of high interest rates on small businesses and the self-employed could help improve the financial stability of these actors and potentially contribute to increased investment and economic growth. Overall, the South Korean government's initiative is expected to have a positive impact on the market, consumers and the industry, helping to alleviate the financial challenges faced by those affected.