South Korea's opposition leader backs government plan to eliminate a tax on stock market investments.

South Korea's opposition Democratic Party leader, Lee Jae-myung, has agreed to support the government's plan to eliminate a financial investment tax aimed at boosting the undervalued stock market. The tax, delayed until 2025, would have imposed a 20% tax on capital gains over 50 million won and 25% on gains over 300 million won. Some opposition lawmakers express concerns about potential revenue losses from scrapping the tax.

November 04, 2024
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