How is a 'major shareholder' who pays capital gains tax on stocks determined?

The Income Tax Act provides that the major shareholders subject to capital gains tax on listed shares are to be defined by Presidential Decree, taking into account factors such as the shareholding ratio and market value.

The specific shareholding ratio and holding value thresholds are set in the Enforcement Decree and may change as tax laws are amended. Check the National Tax Service's guidance or consult a tax professional on whether you count as a major shareholder.