S. Korea to Still Deliberate on Capital Gains Tax Plan: Yonhap

South Korean officials haven’t completed discussions on the controversial capital gains tax plan and will deliberate further, Yonhap News reported.

• In a high-level meeting between the ruling party and the government on Sunday afternoon, a conclusion was not derived, Yonhap says
• Ruling party and the government said that they will closely monitor developments, report says
• NOTE: Earlier, the ruling Democratic Party proposed to lower the threshold for capital gains tax to 1 billion won in stock holdings, compared with the current 5 billion won; the plan had rattled South Korean investors and led to wide public backlash
• NOTE: Tax Plan ...