Ruling Party Acknowledges Concerns Over Tax Reform Proposal

By LEE KEONHEE Posted : August 13, 2026, 16:48 Updated : August 13, 2026, 16:48

The Democratic Party of Korea stated on August 13 that "some lawmakers have expressed the need for revisions to the government's tax reform proposal." While there are differing opinions, the party plans to address these concerns and continue discussions to reach a consensus. However, they believe more time is needed regarding the recently announced real estate supply measures.


Lee Joo-hee, the party's floor spokesperson, spoke to reporters after a party meeting, saying, "The party is currently in a deliberative process regarding the tax reform proposal." She added, "The government and the party will continue discussions. President Lee Jae-myung has also pointed out areas that need improvement, and we will work to ensure that the tax reform proposal does not feel unfair to the public."


She emphasized, "We need sufficient time to review the supply measures announced today, and we will deliberate in a way that genuinely contributes to housing stability for young people and those in their 20s and 30s."


Lee also indicated that discussions on the tax reform proposal and real estate supply measures will take place through various channels, including policy meetings, a housing market stabilization task force, and standing committees.


Additionally, she noted, "The public is currently providing valuable feedback through various channels, including President Yoon's social media and text messages to lawmakers, and we will ensure that these opinions are thoroughly considered without omission."


Meanwhile, Lee reported that today's plenary session was canceled due to opposition from the People Power Party. She mentioned that a session is expected to take place on the 20th, as the opposition party is likely to support it. She also stated that the regular National Assembly session will open on September 1, and if a representative speech by the negotiating group is scheduled, the plenary session will be adjusted accordingly.





* This article has been translated by AI.

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