[Breaking] Democratic Party Delegates Introduction of Financial Investment Tax to Leadership... 'Both Party Consensus and Timing'

The Democratic Party of Korea has decided to delegate the party's official stance on the introduction of the financial investment income tax, scheduled to be implemented next year, to the party leadership.

On the 4th, Roh Jong-myeon, the party floor spokesperson, announced this to reporters after a members' meeting. He said, "Although some members opposed delegating to the leadership, the majority agreed to delegate," adding, "Both the party's official decision and the timing of the decision were delegated."

During the meeting, discussions reportedly took place between proponents advocating for the implementation of the financial investment income tax and those demanding its postponement or abolition. Contrary to expectations that postponement or abolition would prevail depending on the leadership's intentions, the meeting saw strong arguments in favor of implementation.

Within the Democratic Party, it is generally viewed that since the decision-making authority has been handed over to the leadership, support has shifted toward postponement. Lee Jae-myung, the party leader, has strengthened the position favoring postponement regarding the financial investment income tax, which was initially scheduled to be implemented following the August party convention.