South Korea’s finance ministry said Tuesday it will pursue amendments to tax laws to expand incentives for households and companies to channel overseas assets back into the domestic market, as part of follow-up measures to the government’s 2026 Economic Growth Strategy. The proposed changes include capital gains tax deductions for overseas stock sales reinvested through newly designated Domestic Market Return Accounts, tax incentives for foreign exchange hedging products and enhanced exemptions for dividend income received from overseas subsidiaries.

Under the plan, individuals who sell overseas equities and reinvest the proceeds domestically for at least one year would receive time-limited