south korea opposition party supports scrapping capital gains tax plan

The main opposition party in South Korea has expressed its support for the government's decision to remove the proposed capital gains tax on financial investments made by retail investors. This represents a significant change after a period of disagreement over the controversial tax plan.

The leader of the opposition, Lee Jae-myung, highlighted the challenging conditions of the current Korean stock market and emphasized the importance of considering the interests of the 15 million retail investors who rely on it. The decision reflects a joint effort between the ruling party and the government to address the concerns of the investing public.

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