According to a report by the Korean News Agency, South Korean officials have not yet completed discussions on the controversial Capital Gains Tax plan and will conduct further reviews. The report states that the ruling party and the government have indicated they will closely follow the developments. Previously, the ruling Democratic Party proposed lowering the threshold for the stock Capital Gains Tax from the current 5 billion won to 1 billion won; this plan has caused anxiety among South Korean investors and sparked widespread public opposition.
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South Korea will still review the Capital Gains Tax plan.
According to a report by the Korean News Agency, South Korean officials have not yet completed discussions on the controversial Capital Gains Tax plan and will conduct further reviews. The report states that the ruling party and the government have indicated they will closely follow the developments. Previously, the ruling Democratic Party proposed lowering the threshold for the stock Capital Gains Tax from the current 5 billion won to 1 billion won; this plan has caused anxiety among South Korean investors and sparked widespread public opposition.