Macro & Policy/Tax & Fiscal Policy
Why Korea's Tax-Free ISA Still Trails Japan and the UK
South Korea's Individual Savings Account (ISA) just went through a month of policy whiplash: a July 31 tax-reform proposal that would have shortened contract terms and killed contribution carryover, followed by a September 1 cabinet reversal that restored both. The back-and-forth is a useful window into why Korea's version of the tax-advantaged retail investment account has never generated the e..