There are kids who own condominiums, houses, land, buildings and other property given to them by their rich parents. The government just announced that it will increase gift and inheritance taxes for these cases.
How do these kids "earn" money to pay for property taxes? Their parents probably pay or do the work (rent the property, etc.) in order to pay the taxes. The kids should be taxed on this also.
Another development. The main opposition party, Liberty Korea Party, an extreme far right party supporting former and imprisoned Park Keun-hye, is dead set against the candidate for Minister of Justice, Cho Kuk. a human rights activist and law professor.
Korea is trying to reform its justice system after the abuses of power and other corruption during the administrations of conservative presidents Lee Myung-bak and Park Keun-hye. Lee is out on bond while being tried. Many think Cho Kuk is the ideal candidate.
I think the radically conservative Liberty Korea Party agrees, they are scared to death of him from their rhetoric. They are trying to paint him as corrupt, a commie (as usual), unethical, and more.
No worries. Even if the conservatives object, President Moon can still appoint him as Minister of Justice.
