What are the capital gains tax rates on stocks?

Under the Income Tax Act, shares transferred by major shareholders are taxed at 20% on a tax base of up to KRW 300 million and 25% on the portion over KRW 300 million, and at 30% for shares of companies other than small and medium-sized enterprises held for less than 1 year.

When persons who are not major shareholders transfer taxable shares, 10% applies to shares of small and medium-sized enterprises and 20% to other shares. Foreign shares are taxed at 10% for shares of small and medium-sized enterprises and 20% for other shares, with local income tax charged separately.