Deputy Prime Minister and Minister of Economy and Finance Ku Yun-cheol stated on the 19th regarding the possibility of changing the criteria for major shareholders subject to capital gains tax, "I am listening to various opinions and carefully considering it now."
On the same day, Deputy Prime Minister Ku attended the plenary session of the Strategy and Finance Committee held at the National Assembly and said, "We will consider various circumstances to make a decision regarding the criteria for capital gains tax for major shareholders."
On the 31st of last month, the Ministry of Economy and Finance announced that it would lower the existing criteria for major shareholders subject to capital gains tax from 5 billion won to 1 billion won. The number of major shareholders who pay capital gains tax has increased.
In response, the Democratic Party of Korea noted that this is not in line with the new government's intention to stimulate the stock market and expressed an opinion to maintain the previous criteria.
Deputy Prime Minister Ku also addressed criticisms that the real estate tax system has been relaxed under the Yoon Suk-yeol administration, saying, "I have no intention to manage economic policy according to political circumstances at all."
Regarding concerns that corporate activity may shrink due to the increase in corporate tax by the Ministry of Economy and Finance, Deputy Prime Minister Ku responded, "We are planning to provide much more support through next year's budget in terms of expenditure."