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bede777
Joined: 26 Oct 2008
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 Posted: Wed Mar 18, 2009 3:27 pm Post subject: Investing in the Korean stock market |
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| This is a change of pace. I am convinced that the global markets have hit bottom. I'm not looking to get into a debate about that as I am sure many of you disagree and could be right. However, I want to put my money where my mouth is. What is the best way to go about investing won? Who do I need to talk to? I do NOT want to convert to dollars for obvious reasons. What is the tax rate here for capital gains and dividens? Will I need to file income taxes here and in the US for that? sorry for all the question but I'm not sure how to do this here in Hangoogia. |
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bede777
Joined: 26 Oct 2008
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| Posted: Wed Mar 18, 2009 3:29 pm Post subject: |
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| sorry for the double post |
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Juregen
Joined: 30 May 2006
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| Posted: Wed Mar 18, 2009 3:42 pm Post subject: |
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| Go to your local bank, they probably have all basic information you require. |
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poet13
Joined: 22 Jan 2006
Location: Just over there....throwing lemons.
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| Posted: Wed Mar 18, 2009 3:47 pm Post subject: |
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| I've been paying 15%. I don't know about the rest of your questions. |
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Jane
Joined: 01 Feb 2003
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| Posted: Fri Mar 20, 2009 12:18 am Post subject: |
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From what I know, any income made on Korean mutual funds is tax free for foreigners.
If you want to learn more, contact Samsung Investing. They have English speakers who can help you choose the right products for you.
Check out their website. |
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GwangjuParents
Joined: 31 Oct 2008
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| Posted: Fri Mar 20, 2009 12:26 am Post subject: |
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Well, I just spoke to the KEB bank and they told me there is *no* tax on yields so long as you purchase a fund, etc., that is denominated in Won.
If you purchase a fund denominated in USD or Euros, then there is a 15.4 percent tax. |
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Trevor
Joined: 16 Nov 2005
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| Posted: Fri Mar 20, 2009 2:53 am Post subject: |
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Huhhhh????
| GwangjuParents wrote: |
Well, I just spoke to the KEB bank and they told me there is *no* tax on yields so long as you purchase a fund, etc., that is denominated in Won.
If you purchase a fund denominated in USD or Euros, then there is a 15.4 percent tax. |
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