Presidential Office Warns of Strong Legal Action Over Fake Statement on Overseas Stock Tax Hike

korea / Kim Jisun / 2025-11-28 03:36:33

Photo courtesy of Yonhap News

 

[Alpha Biz= Kim Jisun] The Presidential Office on the 27th condemned the circulation of a fabricated statement—falsely issued under the name of President Lee Jae-myung—that claimed the government would raise capital gains tax on overseas stock investments and introduce a new holding tax. The office stated that the document is “entirely false” and vowed to take strong legal action.


In an official statement released that afternoon, the Presidential Office said, “A fake presidential statement is being circulated online. The Presidential Office has never issued such a statement, and its contents are blatantly untrue.”


“The distribution of fabricated information using the President’s name constitutes a serious criminal offense,” it added. “The Presidential Office has maintained a firm stance against the creation and dissemination of false and manipulated information. We will pursue strong legal measures against those responsible for spreading this fake statement.”


The fabricated document, which spread mainly through online communities, falsely claimed that the government would raise the capital gains tax rate on overseas stocks from the current 22% to 40% and impose a new annual 1% holding tax on overseas stock assets. It also incorrectly stated, “This is not a permanent tax increase; it will be abolished once the exchange rate stabilizes and foreign reserves recover.”

 

 

알파경제 Kim Jisun (stockmk2020@alphabiz.co.kr)

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