The ruling party should abolish the financial investment tax as an opportunity to incorporate the global government bond index.

People's Power urged the government to abolish the financial investment income tax, which is scheduled to take effect in January next year, as soon as possible after Korea's inclusion in the World Government Bond Index (WGBI).

CEO Han Dong-hoon said at an on-site Supreme Council meeting in Ganghwa-gun, Incheon, that the advancement and transparency of the Korean capital market are globally recognized, but our stock market is gloomy.

He then stressed that the abolition of the financial investment tax would send a clear message to global markets that politicians are boosting capital markets.

Floor leader Choo Kyung-ho also said on his SNS that he will do his best to reduce investor burden and increase market access by abolishing the financial investment tax and reforming the tax system, as investors' interest is likely to expand across the Korean financial market.