South Korea's Democratic Party slammed the Yoon administration for a cumulative 100 trillion won ($75.7 billion) tax revenue shortfall over three years, calling fiscal management a "failing grade" and demanding reforms as the National Assembly reviews the 2024 budget settlement.
#YonhapInfomax #TaxRevenueShortfall #YoonAdministration #DemocraticParty #RDBudget #FiscalManagement #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=78383Jin Sung-joon of the Democratic Party argues that tightening South Korea's capital gains tax on major shareholders will not destabilize the stock market, citing historical data and emphasizing the need to restore the tax base after recent revenue shortfalls.
#YonhapInfomax #CapitalGainsTax #DemocraticPartyOfKorea #KOSPI #YoonSukYeol #TaxRevenueShortfall #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=75269
Jin Sung-joon Says 'Reverting Capital Gains Tax Threshold Won't Collapse Stock Market'
Jin Sung-joon of the Democratic Party argues that tightening South Korea's capital gains tax on major shareholders will not destabilize the stock market, citing historical data and emphasizing the need to restore the tax base after recent revenue shortfalls.
Song Eon-seok - 'Corporate Tax Hike Is a Tax Bomb That Strangles Business Activity'
The People Power Party criticized the Lee Jae-myung administration's corporate tax hike, warning it will burden businesses and undermine investment amid economic headwinds.
Rep. Ahn Do-geol of the Democratic Party estimates South Korea’s 2025 tax revenue shortfall at 17 trillion won ($12.3 billion), urging further revenue revisions as domestic demand and key tax receipts weaken.
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Rep. Ahn Do-geol of Democratic Party Estimates 17 Trillion Won Tax Revenue Shortfall This Year—Calls for Further Revenue Revision if Needed
Rep. Ahn Do-geol of the Democratic Party estimates South Korea’s 2025 tax revenue shortfall at 17 trillion won ($12.3 billion), urging further revenue revisions as domestic demand and key tax receipts weaken.
People Power Party floor leader Song Eon-seok warned that South Korea's proposed 35 trillion won ($25.3 billion) extra budget could fuel inflation and increase national debt, urging caution as the government seeks to revive the economy amid sluggish tax revenues and persistent high prices.
#YonhapInfomax #SupplementaryBudget #PeoplePowerParty #Inflation #NationalDebt #TaxRevenueShortfall #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=68108
Local Bond Issuance Hits 5-Year High, But Market Absorption Remains Stable
Local bond issuance in Q1 reaches 5-year high at 1.9529 trillion won, up 134% YoY, amid tax revenue shortfalls; market absorption remains stable due to rate cut expectations and ample liquidity.
Government's Fiscal Deficit Exceeds 4% of GDP Amid 30 Trillion Won Tax Revenue Shortfall
South Korea's fiscal deficit surpasses 4% of GDP due to 30 trillion won tax shortfall, challenging government's fiscal rule and limiting supplementary budget resources
IBK May Pay Record Dividend to Government Amid Tax Revenue Shortfall
IBK set to pay record dividend to government, potentially reaching 500 billion won, as Ministry of Finance seeks to offset tax revenue shortfall amid strong bank performance
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