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[Lee Eon-ju, a candidate who is challenging for the highest position in the Democratic Party of Korea, is holding a press conference at the Gwangju City Council on the morning of the 2nd. Representative Lee stated, “I will create a people-centered Democratic Party by embodying the consciousness of a scholar and the practical sense of a merchant,’ as mentioned by President Kim Dae-jung. (Provided by Lee Eon-ju’s office= Yonhap News)]
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, ‘Democratic Party’s Lee Eon-ju, who is running for the highest position, argued for a deferment in implementing the financial investment income tax (FIIT) scheduled to take effect in January next year, saying, “It is never too late to implement it after advancing the Korean stock market.”‘,
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, ‘It is noteworthy how the public support for a deferment in FIIT by the party’s leadership will impact internal discussions in the future.’,
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, ‘During today’s (9th) parliamentary Supreme Council meeting, Lee, the Supreme Council member, expressed full support for the principle of taxing income where it exists but pointed out that, “If FIIT is enforced unreasonably, around 14 million Koreans who participate in the stock market will face increased psychological burdens such as fear of investment losses.”‘,
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, ‘He further stated, “Fostering and revitalizing the stock market is the ultimate policy goal of our Democratic Party, which is committed to advanced capitalism. We must break free from the real estate-centered asset growth method and activate the capital market. Particularly in the current situation where real estate prices are soaring, the capital market should serve as a ladder for social mobility for the working class.”‘,
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, ‘He added, “The party’s stance has not been determined yet, but there are considerable number of lawmakers within the party who share my views. We will carefully discuss the matter.”‘,
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, “With the recent emergence of the public discourse on the deferment of FIIT within the Democratic Party leadership, following lawmakers Lee So-young and Jeon Yong-gi, attention is now turning to whether there will be a swift shift towards ‘deferment, abolition, or improvement’ at the upcoming party’s FIIT debate scheduled for the 24th.”,
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