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Main opposition leader vows to focus on economy even under 'political oppression'

Opposition leader Lee Jae-myung vowed Monday to focus on improving peoples livelihoods and the economy despite what he calls political oppression against him, after his two closest confidants were arrested earlier this month in connection to a corruption scandal.
South Korea Soult Ukpyolsi Yoon Suk Yeol Kim Yong Lee Jae Myung Democratic Party Institute For Democracy

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Dispute over capital gains tax increase on hefty financial profits worries investors

The government and the main opposition Democratic Party of Korea (DPK) remain poles apart over the timing of expanding their capital gains tax policy to tax more investors on stocks, bonds, derivatives and other financial products. The discord worries retail investors who trusted that the plan to impose taxes of up to 25 percent on annual capital gains exceeding 50 million won ($37,700) from the financial market, initially endorsed by rival parties in 2020, would be delayed as announced by the Y...
South Korea Soult Ukpyolsi Yoon Suk Yeol Ko Kwang Kyo Yoo Dong Soo National Assembly Strategy

Troubled opposition leader

Prosecutors are expanding their investigation into the close aides of Lee Jae-myung, head of the main opposition Democratic Party of Korea (DKP). On Wednesday, prosecutors raided the home and office of Jeong Jin-sang, known as Lees right-hand man, on suspicion of receiving 140 million won ($102,000) in bribes from property developers. The raid came a day after prosecutors indicted Kim Yong, another confidante of Lee, on charges of receiving 847 million won in illegal political funds. Both flatly...
South Korea Kim Yong Lee Jae Myung Democratic Party Of Korea People Power Party Democratic Party

Ruling party accuses opposition party of attempting to take political advantage of crush victims

The ruling People Power Party (PPP) accused the main opposition Democratic Party of Korea (DPK) of attempting to take advantage of the Itaewon crowd crush for political gains after a DPK lawmaker was caught reading a text calling for the disclosure of the names of the crush victims.
South Korea Soult Ukpyolsi Democratic Party Of Korea Institute For Democracy National Assembly People Power Party

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