The Presidential Office on the 5th responded to demands from the political community to re-examine the taxation criteria for the capital gains tax on large shareholders, saying, "I think it would be difficult to reconsider policies based solely on the fluctuations of stock prices over a day or two when changing the structure of the stock market itself." Amid claims from some members of the ruling Democratic Party of Korea that the threshold of 5 billion won set by the previous administration of Yoon Suk-yeol should be maintained, the Presidential Office also denied reports that it requested the ruling party's leadership to review this.
Spokesperson Kang Yu-jung said during a briefing at the Yongsan Presidential Office that in response to relevant questions, "Efforts are underway to make Korea's stock market structurally healthier and that these measures are being gradually implemented under the Lee Jae-myung administration."
In particular, regarding media reports that the Presidential Office requested to collect and relay internal opinions about strengthening the requirements for the capital gains tax for large shareholders to the ruling party's leadership, it said, "The Presidential Office has not requested a review."
Spokesperson Kang said, "Please understand this as a fundamental statement that various legislative issues and policy processes can sufficiently incorporate the opinions of the ruling party." However, he added, "Once a plan is arranged within the party, we can certainly hear it."