Yes. Under current Korean tax rules, ownership thresholds, including a 25% threshold in certain circumstances, may give rise to additional Korean tax obligations. Clients should consult their own tax advisers regarding the application of these rules to their particular circumstances.
Aggregate Holdings
Clients should be aware that ownership thresholds may be determined based on their aggregate holdings in the relevant Korean company. Aggregate holdings may include positions held through multiple brokers, custodians, platforms, or other investment arrangements.
Interactive Brokers' Visibility
Because neither Interactive Brokers nor its local executing broker has visibility into a client’s aggregate holdings across all investment channels, Interactive Brokers may not have sufficient visibility to determine whether a relevant ownership threshold has been exceeded.
Client Responsibilities
Clients are responsible for monitoring their own holdings and determining whether any Korean tax filing, reporting, or payment obligations may arise as a result of their aggregate ownership position.
Clients who hold significant positions in Korean listed companies should consult a qualified Korean tax adviser regarding any filing, reporting, or payment obligations that may apply under Korean tax law.
Disclaimer
Interactive Brokers does not provide tax advice and cannot determine a client’s aggregate ownership position across holdings maintained outside of Interactive Brokers.