Dormant Dementia Money of KRW 172 Trillion! The Moment You Get Dementia, Your Entire Fortune Is Taken! / ISA Account: The Last Chance to Capture the Benefits Has Arrived! | Lee Jang-won, Tax Accountant

Summary

Tax accountant Lee Jang-won discusses why inheritance disputes are rising, the scale of Korea's dementia-money problem, and the need for adult guardianship and trust-based asset protection. He then focuses on year-end tax-advantaged accounts, explaining how to use the ISA contribution calendar, why a securities-type ISA is preferred for equities and ETFs, and how pension savings and IRP contributions can generate immediate tax credits. He also warns younger workers about the liquidity and tax consequences of locking money in pension accounts.

• Inheritance disputes are common and often involve relatively small amounts; early gifting can reduce tax but may still be challenged.
• Korea's dementia money is estimated at KRW 172 trillion, 6% of GDP, with more than 1 million patients and growth projected.
• Adult guardianship and trusts are recommended to protect elderly assets from exploitation.
• ISA contributions are calendar-year based; funding in December and January can capture two annual limits.
• At ISA maturity, reset after three years if gains; extend if losses.
• Securities-type ISA is preferred over deposit-type ISA; domestic-listed ETFs can provide global exposure.
• Pension savings and IRP contributions by year-end offer immediate tax credits up to 16.5% or 13.2%.
• Younger workers should limit pension and IRP contributions because of early-withdrawal penalties and liquidity needs.