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chungbukdo
Joined: 22 Aug 2010
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 Posted: Fri Sep 10, 2010 7:05 pm Post subject: Investment/Taxes in Korea. Experience? |
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Back to the question of investing in Korea, does anyone know anything about it? Are you experienced?
For example, can I just call up a broker and order a security here? What is the tax structure like? Is it a capital gains tax and at what percentage? Are there differences between holding a Korean security and a foreign one, in terms of tax or legalities? |
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happiness
Joined: 04 Sep 2010
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| Posted: Fri Sep 10, 2010 9:00 pm Post subject: |
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personally, I wouldnt do it, except for land, but then again, you may need a korean partner for it.
better to invest it back home long term |
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manofwar
Joined: 12 May 2004
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| Posted: Fri Sep 10, 2010 11:09 pm Post subject: fee |
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| If U trade online yourself the trade companies charge u .15 percent. If you call and buy stocks with a trader then they charge you .49 percent. Daewoo and Hyundai. I'm not sure about other companies, but my guess is that it's close to these rates. You have to go into trade company and open an account. Pain in the butt to set it up, and it will take around 45 minutes. I would open one with Daewoo, it's crappy but better than Hyundai. If u can read and write Korean then most of the companies should be decent enough. |
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chungbukdo
Joined: 22 Aug 2010
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| Posted: Wed Sep 15, 2010 3:14 am Post subject: |
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| happiness wrote: |
| personally, I wouldnt do it, |
Can you please elaborate on this?
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| except for land, but then again, you may need a korean partner for it. |
And this too.
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| better to invest it back home long term |
You are saying it would be better to invest through a Canadian broker? Why is that? |
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chungbukdo
Joined: 22 Aug 2010
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| Posted: Wed Sep 15, 2010 3:18 am Post subject: Re: fee |
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| manofwar wrote: |
| If U trade online yourself the trade companies charge u .15 percent. If you call and buy stocks with a trader then they charge you .49 percent. Daewoo and Hyundai. I'm not sure about other companies, but my guess is that it's close to these rates. You have to go into trade company and open an account. Pain in the butt to set it up, and it will take around 45 minutes. I would open one with Daewoo, it's crappy but better than Hyundai. If u can read and write Korean then most of the companies should be decent enough. |
Thanks for the numbers. Just to clarify, are you saying it costs about 0.15% per purchase of a security? Is there a minimum buy with these people? Because that would be extremely cheap, unheard of almost, if we were trading small amounts like $1000. The commission would be $1.50 which is barely worth the broker's time. |
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manofwar
Joined: 12 May 2004
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| Posted: Wed Sep 15, 2010 10:36 am Post subject: fees |
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| Yeah I think so, I haven't traded in few months. But remember I had to trade myself with my computer at home. I have an account with Daewoo. setting it up took about 45 minutes at Daewoo. Then at home took another 30 to sign up in their homepage. Then ur set to go. No min trade. Yeah it's really cheap if u do it yourself. Go for it. It's a great way to buy extra toys. PM me if u want more details, another guy I know can answer your questions better. |
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