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The Democratic Party of Korea is pushing an inheritance and gift tax amendment that would value controlling stakes in listed companies at a minimum of 0.8x book value, removing the long-standing incentive for major shareholders to keep share prices depressed ahead of succession events. If enacted, the bill would re-rate deep-value low-PBR names—banks, holding companies, and insurers—by shifting owner incentives toward buybacks, dividends, and price support, reinforcing the Korea Value-up trade on the KOSPI. The multi-year installment payment window for the tax would extend this price-management incentive over several years, so watch the bill's passage timeline in the National Assembly as the key catalyst.
As a Market signal, watch whether it changes price action, volatility, or flows around KOSPI.
Original Source: 연합인포맥스
This page is market information analysis, not investment advice.
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