"A Country Where Businesses Can Operate Freely, We Will Definitely Create" ... PK Leading Candidate Assemblyman Kim Tae-ho, 2nd Pledge

Deregulation Reform, Corporate Tax and Inheritance Tax Reduction, Introduction of Differential Voting Rights, etc.

Assemblyman Kim Tae-ho

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] Kim Tae-ho, the leading PK representative who advocates 'coexistence' as his creed, announced his second pledge titled "A Country Where Businesses Can Operate Freely," focusing on deregulation reform and corporate tax cuts, stating that "anti-business is not the wisdom of coexistence."

Kim outlined three main principles of his pledge: ▲ the 'three reforms' of tax, regulation, and control to restore market functions ▲ support for small and medium enterprises to discover future growth industries ▲ thorough government management and supervision of unfair and unequal practices.

Looking at the detailed pledges, he first declared, "We will revolutionarily abolish regulations," shifting the corporate regulation approach from positive to negative listing, and realizing the sunset clause for regulations so that all regulations will, in principle, be abolished after 10 years.

He also stated that 'regulation suspension' will be greatly expanded and properly operated, and that the 'three corporate regulation laws' will be abolished.

Kim said, "We will roll back the corporate tax raised by the Moon Jae-in administration," encouraging companies so that corporate tax cuts can lead to increased investment and employment.

Regarding the recently controversial inheritance tax, he said he would "abolish the major shareholder surcharge evaluation, which does not exist in other OECD countries, to reduce inheritance tax and revitalize the business succession deduction applied to small and medium-sized enterprises by significantly lowering pre- and post-management requirements."

He also announced, "To protect the management rights of venture companies, we will introduce dual-class voting stocks and greatly expand performance rewards for relocating production facilities domestically to promote the return of companies that have moved overseas."

He presented the government's role as actively supporting the discovery of future growth industries for small and medium enterprises, proposing to establish a 'one-stop total support system' including financial support, tax support, technology support, as well as manpower and education support.

Meanwhile, expressing his determination to eradicate unfair and unequal market practices, he pledged to strengthen the roles and functions of the Korea Consumer Agency and the Fair Trade Commission, and actively support the expansion of corporate ESG management.

Kim said, "Quality jobs are ultimately created by companies," and added, "I will definitely create a country where businesses can operate freely."