Return of tax-free overseas equity funds
- 9 years ago
Return of tax-free overseas equity funds
Some 7 billion dollars of cash is said to be sitting around uninvested as Korea's key interest rate remains at record low levels. The government is reintroducing tax-free overseas equity funds to get the money moving and concurrently address the country's growing supply of U.S. dollars. We take a closer look.
Some 7 billion dollars of cash is said to be sitting around uninvested as Korea's key interest rate remains at record low levels. The government is reintroducing tax-free overseas equity funds to get the money moving and concurrently address the country's growing supply of U.S. dollars. We take a closer look.