Korea Capital Market Institute

Considerations on Virtual Asset Income Taxation under the 2025 Income Tax Act Amendment [Senior Research Fellow] Kim, Kab Lae / Nov. 25, 2025 Under the current Income Tax Act, the taxation of virtual asset income will take effect on January 1, 2027. However, detailed provisions and guidelines regarding various forms of income related to virtual assets, such as profits arising from the lending of virtual assets, airdrops, hard forks, mining, and staking, are still insufficient. Nevertheless, the Income Tax Act amendme... Japan’s Recent Efforts to Revitalize Disclosure and Their Implications [Senior Research Fellow] Lee, Seokhoon / Nov. 25, 2025 The value-up disclosure introduced last year has produced outcomes in expanding shareholder returns mainly among large corporations, but communication with investors through mid- to long-term management plans remains insufficient. Japan has long advanced its disclosure of mid-term management plans, which are now widely established. In particular, the Japanese government support... Introduction of Listed Share Classes for Public Offering Funds: Prospects and Challenges [Senior Research Fellow] Kim, Jaechil / Nov. 11, 2025 Listed share classes of public offering funds will begin trading on October 27, 2025, starting with two funds. The introduction of listed share classes for public offering funds is regarded as a viable alternative that can broaden investment choices for investors who prefer active management in the indirect investment market while preventing the decline of active management. Fo... Industrial Policy for AI Competitiveness [Research Fellow] Noh, Sungho / Nov. 11, 2025 Amid growing expectations for productivity innovation through Generative AI, major advanced countries are pursuing industrial policies to strengthen AI competitiveness at the national strategy level. In this article, I compare AI industrial policies of the United States, China, and Europe to analyze each country's policy objectives and the role of capital markets in achieving t... Trends and Challenges in Extending Stock Market Trading Hours [Senior Research Fellow] Lee, Sungbok / Oct. 28, 2025 The United States is now leading efforts to extend stock market trading hours following its recent shortening of the settlement cycle. In response, major economies such as the United Kingdom, Germany, and Hong Kong are also considering similar extensions. Longer trading hours can enhance market accessibility for both domestic and foreign investors, thereby improving market liqu...