Regardless of the government's announcement on the 'conversion of inheritance tax', the ruling party's proposal to immediately process a legislative amendment focusing on relaxing the inheritance tax deduction has emerged from the People Power Party. This stance slightly differs from the government'...
The Democratic Party decided on the 14th to accept the People Power Party's proposal to raise the National Pension income replacement rate (amount received) from the current 40% to 43%. Until now, both ruling and opposition parties have agreed to increase the insurance premium rate (amount paid) fro...
The commercial law amendment bill, which contains "the duty of loyalty of directors to shareholders" and "mandatory electronic shareholders' meetings," passed the plenary session of the National Assembly on the 13th. The People Power Party opposed it, citing increased corporate burden and management...
The Democratic Party of Korea is pursuing amendments to tax laws that support strategic industry domestic production corporations, while considering applying the tax cuts originally limited to 'domestic sales' to 'export items' as well. The plan focuses on expanding the corporate and income tax redu...
Kweon Seong-dong, the floor leader of the People Power Party, noted on the 7th regarding the court's acceptance of the request for the cancellation of President Yoon Seok-yeol's detention, "Even if the prosecution files an immediate appeal, it cannot prevent the effect of the detention cancellation ...
On the 7th, the court granted the request to cancel the arrest of President Yoon Suk-yeol, who was under arrest on charges of 'insurrection leader.' The People Power Party noted that this proves the illegality of the CIO's unlawful investigation and expressed their support. Within the ruling party, ...
Chairperson Kwon Young-se of the People Power Party said on the 7th that he welcomed the court's decision to cancel the detention of President Yoon Suk-yeol, who is in custody on charges of being the 'leader of rebellion.' He noted, 'Although it is late, it is a very good decision.' He also stated, ...
The ruling and opposition parties decided to prepare the 'Digital Asset Basic Act (tentative name)' to completely revise the current 'Virtual Asset User Protection Act (hereinafter referred to as the virtual asset law).' The intention is to establish a safety mechanism by placing digital assets with...
The Democratic Party will introduce an income tax inflation indexing system and push for amendments to adjust the tax brackets and rates. This is intended to reduce the tax burden on wage earners, as real wages have decreased due to rising prices. The significant increase in earned income tax revenu...
The Democratic Party said it would prepare a plan to create a 50 trillion won 'National Fund' on the 6th to strengthen the competitiveness of domestic advanced strategic industries. The core idea is to establish a national participation fund targeting ordinary citizens, corporations, the government,...
