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The ruling party of South Korea will soon clarify its position on Capital Gains Tax.
Jin10 reported on August 4 that Jung Chung-rae, the head of South Korea’s ruling Democratic Party, stated that the party will soon determine its stance on Capital Gains Tax. Jung Chung-rae mentioned during a meeting on Monday that the debate regarding the government’s proposed Capital Gains Tax reform is intensifying, but it is inappropriate for party lawmakers to publicly express differing opinions. Jung Chung-rae requested that the party prepare various proposals for internal debate, while also asking lawmakers not to publicly share their views.