Lee Nak-yeon "Major shareholder's 300 million issue, conclusion to be announced within days"

Lee Nak-yeon, leader of the Democratic Party of Korea, is delivering a congratulatory speech at the launch ceremony of the 40s and 50s Special Committee held at the Democratic Party headquarters in Yeouido, Seoul on the 28th.

[Asia Economy Reporter Kim Young-eun] Lee Nak-yeon, leader of the Democratic Party of Korea, announced on the 28th that there is a "very hot issue related to real estate and stocks" regarding lowering the major shareholder threshold for capital gains tax on stock transfers from the current 1 billion KRW to 300 million KRW starting next year, and said, "We will announce the conclusion agreed upon with the government within a few days."

At the launch ceremony of the 40s and 50s Special Committee held at the Democratic Party headquarters in Yeouido, Seoul, Lee said about the 'major shareholder 300 million KRW' issue, "We will reach a conclusion as soon as possible and give you even a small hope."

He continued, "There is no generation in Korean history that is not special, but I think the current 40s and 50s generation is the most special," adding, "The Candlelight Revolution was a proud achievement led by you."

Regarding this, Lee also explained during a live broadcast with party members and supporters on the Democratic Party's official YouTube channel 'Sseum TV' that "You will hear the results within a few days" about the government's capital gains tax plan, and reassured, "I will make sure you do not worry too much about the direction."

Accordingly, there is an interpretation that the government and the ruling party have tentatively agreed on the major shareholder 300 million KRW issue and will finalize discussions as early as the beginning of next month. If the major shareholder threshold is lowered from 1 billion KRW to 300 million KRW per stock as per the government plan starting next year, individual investors are greatly concerned that a flood of sell-offs to avoid taxation will cause stock prices to fall.

This content was produced with the assistance of AI translation services.