Korea Capital Market Institute

Tax Base for Education Tax of Financial Companies and the Need for Profit and Loss Netting [Senior Research Fellow] JANG, GEUNHYUK Issues have been raised regarding the tax base calculation method for the financial company education tax, which reflects only gross gains regardless of overall profit and loss. For securities, foreign exchange, and derivatives, differences in calculated gains amounts occur even when the economic substance is the same, depending on various transaction methods. This has been par... Investment Performance and Asset Management of Domestic Defined Contribution Plans [Research Fellow] Hong, Wonku The domestic retirement pension system, introduced to replace the severance pay scheme, comprises two types: the Defined Benefit (DB) plan and the Defined Contribution (DC) plan. Accordingly, the amount of retirement benefits under both types is expected to be broadly comparable to severance pay. If the rate of return on DC plans matches the rate of wage growth, the benefits fr...