As predicted, Yoon's approval rating went up to the low to mid-thirty percent range depending on poll after he stopped the informal daily brief meeting with reporters on his way to work at the entrance of the building.
Wonder if he will continue to stop?
Yoon and the conservative party has accused the Democratic Party of being criminals, commie lovers, corrupt and even has the ministry of justice investigating everyone and their families.
And now they ask the Democratic Party for cooperation on passing next year's budget in the parliament but won't compromise?
The leader of the Democratic Party stated that if the ruling party isn't willing to negotiate the budget, the Democratic Party will have no choice but to make amendments to the budget and approve it unilaterally with their majority in the parliament.
It has been a week since Yoon stopped the Q&As.
S. Korean presidential office installs wall blocking reporters after halting informal Q&A sessions
Hope his underlings don't realize that stopping the daily Q&As will help his approval rating.
There is a regulation for insurance companies, like Samsung Life Insurance where assets, like shares of Samsung Electronics, are valued at their purchased price instead of current price. This regulation helps Samsung Chairman Lee maintain control of Samsung Electronics, while he only holds a 1.63% stake.
Samsung Life Insurance and Samsung C&T Corporation hold 8.5% and 5% stakes, respectively, in Samsung Electronics. Other group companies also hold stakes in Samsung Electronics.
Lee holds a 10% stake in Samsung Life Insurance. Other group companies also hold stakes Samsung Life. Through these stakes in controls Samsung Life Insurance which has an 8.5% stake in Samsung Electronics. Lee's 10% stake in Samsung Life Insurance is worth KRW 1.4 trillion (about USD 1 billion), while the 8.5% stake in Samsung Electronics that it holds is worth over KRW 30 trillion.
Anyway, if the regulation is changed, then due to other regulations, Samsung Life Insurance will have to sell a 5% stake in Samsung Electronics within seven years, at most.
The bill to revise the regulation is being discussed in committee meetings. If the bill passes, then it will be sent for vote to the parliament.
Samsung has managed to prevent this bill from being voted on twice before since 2017. While the ownership structure of Samsung Electronics will remain basically the same, the bill could slightly reduce Lee's hold on the company.
Korean media states the comprehensive real estate tax (tax on multiple residences or a single residence valued at more than $2 million or so) is not just a tax on the rich anymore and that it is being imposed on over a million people.
Korea has relatively low real estate tax. So, they created a comprehensive real estate tax in an attempt to make the rich pay some taxes.
The mostly conservative media, run by people who probably pay a comprehensive real estate tax, are complaining that the tax is unfair, a burden on ordinary citizens, depressing real estate market prices, and such.
Hope the majority opposition party (liberal) puts a stop to any proposals to reduce taxes. :)
My home is valued at way under $2 million.
The media present all kinds of claims of economic disaster from professors and other supposedly knowledgeable commentators.
Koreans pay capital gains tax for stock transactions in the US and other countries. Should foreigners pay capital gains tax on stock transactions in Korea? Only fair.
If the foreigners do not pay capital gains tax on stock transactions in Korea, most are required to pay capital gains tax on the transactions in Korea in their home country. Have to pay.
Only rich Koreans are not paying.
But no mention of this in any of the media to date.
For profits over about USD 40,000.
There is no capital gains tax on stock sale profits, unlike the US, UK, EU countries, and other countries,
The Korean conservative party and most media claim the tax will ruin the stock market and cause foreigner investors to abandon Korea.
What bull***.