Opposition mulls delay of financial investment income tax


The main opposition party in South Korea, the Democratic Party of Korea, is considering delaying the implementation of a new financial investment income tax policy, which has been a topic of debate among lawmakers. The ruling People Power Party has requested a postponement of the tax policy, which would impose taxes on capital gains from stock investments exceeding certain thresholds. Despite internal divisions within the Democratic Party on the issue, there is a growing expectation that the adoption of the tax scheme will be delayed, with party leaders expressing willingness to push back its implementation. On the other hand, the ruling party has been facing challenges in bringing its key policy plans to fruition, particularly in addressing the country's medical crisis. Efforts to establish a consultative body involving the government, political parties, and the medical community have been stalled, with disagreements over the government's plan to increase medical school admissions. The ruling party leader's attempts to engage in discussions with the opposition on these critical issues have not materialized, highlighting the existing gaps in views and the struggle to find common ground on key policy matters.


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