Korea Capital Market Institute

Introduction of Overseas Long-Term Asset Funds and Their Implications [Research Fellow] Kim, Jinyoung / Dec. 09, 2025 Long-term asset funds are designed to invest in private and illiquid assets while providing a certain level of redemption functionality. Major countries such as the United Kingdom, France, Italy, and Canada have introduced or are institutionalizing long-term asset funds to facilitate the flow of private capital into productive assets. Through these funds, they are opening acces... Are Stablecoins Truly Stable? [Senior Research Fellow] Shin, Bosung / Dec. 09, 2025 Stablecoins are a form of private money, and historically, it has been rare for private money to maintain a stable value. As a result, disruptions in payment systems have occurred frequently. In response, major jurisdictions require stablecoins to be backed exclusively by safe reserve assets. Nevertheless, in times of severe crisis, the provision of public safety net may become... 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...