ESOP 활성화를 위한 세제인센티브의 국제 비교

The International Comparison on Tax Incentives for ESOP

ESOP is plan which employees get employer's stock by using various sub plan. Although it has many merits and long history, we can say Korean ESOP did not develope well because there are stagnated in member and asset of ESOP. With our international comparison analysis, we can find some reasons like below. First, Korea have similar tax incentive than developed countries like as USA, France, but we need effective tax incentive for selling owners. Second, Compared with mandatory priority allotment when company go IPO, there are rare opportunities to get stocks with free or matching contribution by employer or company. Third, Tax deduction incentive are not so effective to introducing ESOPs in company. Forth, ESOA(employee stock ownership association) can not permitted to manage fund including employer stock and contributed currency by law. ESOA can not supply asset stability, and it makes hesitate employee to participate plan and companies to introduce plan. Consequently, To expand ESOPs and hold stocks for long term in Korea, We need new employee benefit plans including ESOP, employee retirement pension plans, employee's company savings plan like USA, France, and also permit ESOA to supply asset management services to members and allow to transfer asset to other plan like retirement pension account or other savings plan supplied to employee.