The Democratic Party of Korea said on the 2nd that talks on separate taxation of dividend income are set to ramp up this week at the taxes subcommittee of the Strategy and Finance Committee in the National Assembly.
Park Su-hyeon, the Democratic Party chief spokesperson, said at a press briefing on pending issues held at the National Assembly on the morning of the day, in response to a question about the direction of handling livelihood bills such as mandating the cancellation of treasury shares and improving the breach-of-trust crime system, "We will comprehensively discuss the overall livelihood legislation to be handled during the regular session."
Floor spokesperson Kim Hyeon-jeong said, "The issue of canceling treasury shares has made considerable progress within the KOSPI 5000 special committee," adding, "Once the parliamentary audit ends, we are scheduled to push it forward."
She went on, "Separate taxation of dividend income is set to begin discussion in the taxes subcommittee of the Strategy and Finance Committee starting this week," adding, "As it is an accompanying bill to the budget, the stance is to wrap it up before the Dec. 2 deadline."
Kim also added, "There is a government plan and there are bills proposed by several lawmakers, and the party's proposal is to center discussions on the plan with high market acceptability," noting, "As the deputy prime minister for the economy and the Presidential Chief of Staff for Policy have indicated a willingness to consult with an open attitude, discussions will proceed within that scope."
Kim said, "It is appropriate for the government to take the lead on tax law or economic bills while the party quietly supports," adding, "Discussions will take place under that framework."