Multiple parties and unions in South Korea propose to tax unrealized gains in stocks and real estate

According to Yonhap News Agency, South Korean ruling camp lawmakers and multiple labor and social groups have proposed to include unrealized gains from assets such as stocks and real estate in the scope of comprehensive income tax, aiming to narrow the loopholes in capital income tax and reduce the freezing effect of asset transactions. The plan includes recognizing unrealized gains as income and allowing tax obligations to be deferred until the sale of assets, while setting differentiated taxation rules for real estate, non listed equity, and high net worth individuals.