Han Jungae Says Party Has Conveyed to Government Its Stance to Maintain 5 Billion Won Major Shareholder Threshold for Stock Capital Gains Tax

by Hwang Seoyul

Published 11 Aug.2025 10:55(KST)

Han Jungae: "No Alternative Proposal... Issue to Be Resolved Before Next Party-Government Meeting"

The Democratic Party of Korea has conveyed its opinion to the government that the current threshold for major shareholders subject to capital gains tax on stocks should remain at 5 billion won.

Hanjungae, the Policy Committee Chair of the Democratic Party of Korea, is speaking at the party floor strategy meeting held at the National Assembly on the 5th. 2025.8.5 Photo by Kim Hyunmin

On the 11th at the National Assembly in Yeouido, Democratic Party Policy Committee Chair Han Jungae met with reporters and, when asked whether it was true that the party had decided to maintain the 5 billion won threshold for major shareholders subject to capital gains tax, replied, "Yes," and added, "We have conveyed to the government that we would prefer not to change it."

When asked whether there was only a single proposal, Han stated, "There was no alternative proposal," and added, "There are various opinions within the party, but at this point, aren't we trying to change the flow of the capital market?"

She further explained, "If we can encourage not only investors who have already entered the stock market but also those who invest in real estate to move into the stock market, and thereby enable companies to raise capital properly, it will ultimately benefit the companies as well." She continued, "If we really want to change the big picture, we need to make significant changes, but simply maintaining the 1 billion won threshold for major shareholders, as has been done in the past, sends a conflicting message."

Han emphasized, "We have sufficiently conveyed the party's opinion to the government," and added, "Since the party's opinion and the government's opinion do not align, further discussion is necessary."