Handonghun Taking Care of People's Livelihoods: "Minimizing Damage and Clarifying Responsibility in the Timef Incident Is Natural"

"Capital Gains Tax Abolition... We Will Take a Stronger Stance"

Han Dong-hoon, leader of the People Power Party, mentioned the need for institutional improvements to minimize damage and prevent recurrence in the large-scale delay of payment settlements by TMON and WEMAKEPRICE (TMEP). He also expressed his intention to expedite the abolition of the Financial Investment Income Tax (Fin-Income Tax), focusing on addressing public livelihood issues.

Handonghun, the leader of the People Power Party, is speaking at the Supreme Council meeting held at the National Assembly on the 29th. Photo by Kim Hyunmin kimhyun81@

At the Supreme Council meeting held at the National Assembly on the 29th, Representative Han said, "Many citizens are worried about the TMEP incident," adding, "First, we must minimize the damage, and in the process of minimizing that damage, it is also our direction to uphold public consensus and principles." He continued, "It is natural to identify responsibility, and the system must be improved to prevent such incidents from recurring," emphasizing, "Our government has already proposed several measures on this matter."

He stated, "Ultimately, we need to continue addressing the issue of settlement cycles and also consider escrow introduction and other fund custody issues for consignment-type e-commerce like TMEP," adding, "The People Power Party is the ruling party. We will leverage that synergy to directly take care of these livelihood issues." The escrow system refers to the 'deposit of payment funds,' where the price of goods purchased by consumers is deposited with a credible third party (escrow operator), and once the product delivery is completed, the escrow operator pays the seller.

In his first social media post after taking office, Representative Han wrote, "The CEO of Qoo10, Koo Young-bae, who is responsible for this incident, and other executives should promptly show accountability," and "Our People Power Party will lead efforts in the National Assembly's Political Affairs Committee to urge damage recovery, strengthen supervision of e-commerce companies, and productively discuss the establishment of safety measures for payment settlements to prevent recurrence." Additionally, it is known that Representative Han requested an urgent inquiry from Yoon Han-hong, chairman of the National Assembly Political Affairs Committee, regarding the TMEP incident.

Regarding the abolition of the Fin-Income Tax, Representative Han said, "There is not much time left. Usually, it takes about six months for major issues like the Fin-Income Tax in finance to be reflected," adding, "This needs to be implemented next year, but when foreign investors withdraw, the pain we will experience?didn't Taiwan suffer greatly after doing something similar in the past?" He continued, "The public may not yet fully realize this," and added, "We will take a stronger stance on this matter. Former Democratic Party leader Lee Jae-myung also spoke positively about reforming the Fin-Income Tax. I say let’s put it on the table and have a deep discussion."

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