Ruling Party "Welcomes Abolition of Democratic Financial Investment Tax"Processing of November plenary session"

The People's Power said it was late for the Democratic Party of Korea's decision to abolish the financial investment income tax, but welcomed it, and said it would complete the revision of the law within this month.

Speaking to reporters after the Supreme Council, Han Dong-hoon said the abolition of the financial investment tax is one of the people's livelihood policies that the ruling party has persistently insisted on since the summer, and that there is no camp in the people's livelihood.

"We did our best, and the Democratic Party made a reasonable judgment and praised that politics worked for the first time in a long time," he said, stressing that various policies should be implemented to increase the value of the capital market and attract investors to the domestic market.

Floor leader Choo Kyung-ho also issued an official statement and explained that he would immediately start negotiations with the opposition party to deal with the abolition of the financial investment tax at the plenary session in November, saying, "It is fortunate that we are late with 58 days left to implement the financial investment tax."