Democratic Party on Hong Nam-ki's Resignation Announcement: "Must Remain Steadfast as Economic Chief"

Deputy Prime Minister for Economy Hong Nam-ki attended the plenary meeting of the Planning and Finance Committee held at the National Assembly on the 3rd and adjusted his glasses while receiving questions about his resignation./Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Kang Nahum] The Democratic Party of Korea commented on June 3 regarding Hong Nam-ki, Deputy Prime Minister and Minister of Economy and Finance, tendering his resignation, stating, "At a time when full efforts must be made for economic recovery, the head of the economy should proceed without wavering."

Choi In-ho, the senior spokesperson for the Democratic Party, released a statement that day, saying, "(Deputy Prime Minister Hong's resignation) is understood as an expression of responsibility stemming from his steadfast commitment to the major shareholder criteria for capital gains tax on stock transfers."

Senior Spokesperson Choi added, "Going forward, the Democratic Party will work together with Deputy Prime Minister Hong Nam-ki to achieve economic recovery and the success of the K-New Deal."

Earlier that day, at the National Assembly's Planning and Finance Committee plenary session, Deputy Prime Minister Hong said, "Regarding the criteria for imposing capital gains tax on stock transfers, after two months of ongoing debate, I thought someone needed to take a responsible stance," and added, "I submitted my resignation along with my letter of resignation."

The criteria for imposing capital gains tax on stock transfers was finally decided through a high-level meeting between the ruling party, government, and the Blue House to maintain the current threshold of 1 billion KRW. It is known that Deputy Prime Minister Hong expressed opposing views.

However, the Blue House stated that President Moon Jae-in immediately rejected the resignation letter upon submission and reaffirmed his confidence in Deputy Prime Minister Hong.

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