Retail US equity investors lukewarm about gov't tax incentives

Kim, a 41-year-old office worker in Seoul who holds shares of major U.S. tech companies, said she would rather pay the tax than sell the stocks. “The recently rolled out tax exemption looks big in headlines, but it doesn’t come close to the upside I expect from the U.S. market,” she said, adding that she is not sure how the tax incentives can reverse a structural shift toward overseas assets. “This is obviously a short-term measure. I don’t think retail investors would return to the problem-fraught KOSPI market where large-cap market leaders like SK hynix shares are placed under a warning over a standard meant to curb short-term price manipulations by speculative forces. At least the U.S. equity does not have that kind of unreasonable, nonsensical and baffling market rules.” Another retail investor named Park, 35, who has steadily increased his U.S. equity investment over the past three years, is equally unconvinced. “This feels like a policy aimed at fixing the Korean currency weakening against the U.S. dollar using individual investors,” he said. “I think I speak for m