Seoul, Dec 1 – The finance ministry announced that, starting next year, a 0.05 % transaction fee will be added to all KOSPI trades, marking the first time the Korea Composite Stock Price Index will carry such a charge.
The updated tax code, approved in July, lifts the KOSPI trade fee from zero to 0.05 %, while keeping the existing 0.15 % special levy on agricultural and fisheries villages unchanged, Yonhap reports.
For the smaller KOSDAQ exchange and the K‑OTC market that lists non‑public companies, the fee will rise from 0.15 % to 0.20 %, the ministry said.
These new rates will come into effect on Jan. 1.
Meanwhile, Korean stocks posted a slight pullback by late Monday morning, erasing some of the gains made earlier in the session as investors took profits.
After an initial uptick, the KOSPI slid 5.47 points—0.14 %—down to 3,921.12 at 11:20 a.m.
Friday, Wall Street finished on the upside, extending its winning streak to five days during the Thanksgiving holiday. The S&P 500 rose 0.54 %, the Dow gained 0.61 %, and the tech‑heavy Nasdaq advanced 0.65 %.
In Seoul, large‑cap stocks delivered mixed results.
Samsung Electronics climbed 0.6 %, SK hynix added 0.57 %, and battery giant LG Energy Solution jumped 1.23 %.
Biotech names were among the gains: Samsung Biologics surged 3.11 %, and Celltrion climbed 0.65 %.
KB Financial Group edged up 0.88 %.
At 11:20 a.m., the won traded at about 1,468.76 per dollar, a 1.85‑won lift from the previous session.
—LatestNewsX
na/
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