How South Korea election may reshape Yoon's policy agenda [Reuters]
Graham Holdings Company (GHC)
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Source: Reuters
SEOUL, April 11 (Reuters) - South Korean President Yoon Suk Yeol pledged to renew his administration after his party suffered a big defeat in legislative elections, with the result increasing the risk that more of his policy priorities might be blown off course. Yoon, who took office in May 2022, was not up for election this time but his ability to pass legislation is likely to be further inhibited after the opposition led by the Democratic Party increased its majority after a poor showing by Yoon's conservative People Power Party. Report this ad Here are some policy areas that may be impacted: TAX ON INVESTMENTS Yoon's pledge to scrap planned capital gains tax on income from financial investments will probably flop, analyst say, as it will be difficult to persuade parliament to amend the bill. The tax , aimed at boosting investor sentiment and stock values, is designed to levy at least 20% if annual capital gains from stock investments exceed 50 million won ($36,700). Th
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