Seoul: Financial industry experts on Thursday expressed concerns over the potential weakening of earnings due to the impact of the United States' tariff scheme and the government's tax revision proposal, according to officials.
According to Yonhap News Agency, such concerns were raised during a roundtable meeting on the recent market environment hosted by the Financial Supervisory Service (FSS) and the Korea Financial Investment Association (KOFIA). The meeting was attended by representatives from local brokerages, asset management firms, and global banks.
In particular, participants noted that U.S. tariffs could add to inflationary pressure in South Korea, which could cause a negative effect on the local stock market. They also expressed hope for authorities to introduce more investor-friendly policies, such as the provision of tax benefits for long-term investors.
"The local stock market has passed its long recession and reached a turning point where funds, once focused heavily in the real estate market, are moving to the capital market," FSS Deputy Gov. Seo Jae-wan said. "We will make utmost efforts to establish a foothold for the financial market's continual growth," he added.