Korean Job Discussion Forums

[mister_joseph]

as a foreigner, i can speak korean, so give me
give me
give me links to web sites where i can buy on the korean market.
forgive me, the government in the USA taxes at the capital gains rate of ... 25%?
so, i can still make and make and not tax tax tax.

anybody done that before? i'm looking at ETF in emerging markets which may/may not be listed on the korean stock exchange.

[Wangja]

Try http://english.samsungfn.com/fn_eng/link.jsp?mode=top&top=/fn_eng/contents/infofn/infofn_top.jsp&left=/fn_eng/contents/infofn/infofn_left.html&main=/fn_eng/contents/infofn/cert/what_cert.html

[mister_joseph]

지왕자?
This post is a little too serious for almost everybody on this forum. But I'm going to finish the thread anyway.

It's really about getting into developing markets, which
posted gains last year of between 40 and 70 percent!,
without sending my money home, to (a) avoid taxes if
possible (b) avoid the wire fees (c) keep it out of our rapidly
declining USD.
I'm not a financial guy, but it's fun to play with your money.

So I did some research and found out:

1. all money from capital gains made outside the US is not
in the 87,000 exclusion we all know about (if you live 330
days overseas). You still have to pay the US capital gains
tax on it -- or commit fraud.

2. I successfully registered with 현대틍관사 which is
HYUNDAI STOCK BROKERS. You can buy stock on the
korean stock market no problem if you live here. There's no
limit as to what you do.
I *think* that to buy an index fund on a foreign market (like
the hong kong index which is a round-about way to invest
in China) you have to get a stockbroker which works that exchange. That was what I *think* I found out. So, now I
can buy funds like the KOSPI200 which is one of roughly 6
index funds for the korean stock exchange. But, to buy
an index fund for Indonesia you then would *think* have to
get a stock broker who works that exchange *?*

3. About buying a fund with a large share of developing
market stocks. If you want to buy a FUND you're only
elegible for those which are from a foreign company which
has merged with a korean company. Mutual funds are
bought and sold by the banks, mostly.

My The Hyundai stock company doesn't I think sell funds.
They don't have any ETF in foreign markets like the MCSI
or iShares funds. They have nothing close to the major
worldwide financial institutions as for investing in foreign
funds. Also, I was told that I could buy the China Fund my
bank had but that I had to keep it for 3 years. 3 years!!

There are few choices over here, and that is a strange
condition.
CONCLUSION: I just wired my money home again.

Then, I was told I'm being fired in February, so I don't have
any money in the bank and I have no vacation.

[huffdaddy]

Mr. Joe:

Go to www.ishares.com for a list of index funds. I believe they are all traded on the AMEX.

Edit Add: Actually, http://www.etfconnect.com/ has a fuller list of ETFs. ishares is just Barclay's ETFs.