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Democratic Party of Korea, No Reversal on Financial Investment Income Tax Abolition… "Will Abolish as Planned"
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- The Democratic Party of Korea announced its intention to abolish the Financial Investment Income Tax as planned.
- Leader Lee Jae-myung explained that he agrees with the tax abolition considering the current stock market situation.
- Discussions on other bills, aside from the tax abolition, are expected to be postponed until the impeachment situation is resolved.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
The Democratic Party of Korea plans to proceed with the abolition of the Financial Investment Income Tax as scheduled.
According to industry sources on the 9th, a representative from the Democratic Party stated, "The Democratic Party intends to abolish the Financial Investment Income Tax as planned on the 10th. We will not reverse our words on confirmed matters." The 10th marks the last day of the regular National Assembly session.
Previously, Lee Jae-myung, the leader of the Democratic Party of Korea, explained during the Supreme Council meeting at the National Assembly on the 4th of last month, "We agreed to the abolition of the Financial Investment Income Tax pushed by the government and the ruling party. According to principles and values, the tax should be implemented, but the current stock market is too difficult," explaining the decision to agree to the tax abolition.
However, discussions on other bills, including the amendment to the Commercial Act, are expected to be postponed until the impeachment situation is resolved.
