Account	This month		2025 Cumulative Amount
	KRW	USD	KRW	USD
Pension Saving Fund	1.5M	–	1.5M	–
ISA	–		–
IRP	–		–
Roth IRA	–	$2,000	–	$2,000
Total	1.5M	$2,000	1.5M	$2,000

The portfolio value is nearing 200m KRW, so I’ve adjusted the Y-axis maximum to 250m KRW. Somehow, just seeing that number makes my assets feel bigger.

Meanwhile, the exchange rate is still capped at 1,500 KRW, but it’s looking like it wants to break through the ceiling. I decided to leave the max value as is—because I refuse to acknowledge the possibility of it going any higher.

Starting in July 2025, the Ministry of Economy and Finance has decided to tax dividends from TR ETFs. https://www.mk.co.kr/en/stock/11223525

Most of my investments are in:

• KODEX S&P 500 TR

• KODEX NASDAQ 100 TR

Samsung Asset Management was quick to respond, announcing that these ETFs will continue operating as usual but will switch from TR to PR to adopt the policy. The change takes effect on January 24, with quarterly dividends in January, April, July, and October.

https://www.samsungfund.com/fund/lounge/notice-view.do?no=229588

Since I hold these in my pension account, the tax change doesn’t affect me. But having to reinvest every quarter? Annoying.

I was originally planning to buy more Dow Jones stocks to increase my dividend income, but now that the S&P 500 ETF is switching to PR, it might just be easier to go all-in on S&P 500—even if the dividend yield is a bit lower.