"Commercial Law Revision, Coin Taxation" Conflicts between the Ruling and opposition parties..."Eventually, catch the hearts of ants".

[Anchor]
The ruling and opposition parties, who managed to reach an agreement on the abolition of financial investment income tax, are running parallel this time over the taxation of virtual assets and the revision of the Commercial Act.

The ruling and opposition parties' goals are eventually analyzed as catching the public sentiment of "ant investors," and reporter Kim Da-yeon organized the same but different inner thoughts of the ruling and opposition parties.

[Reporter]
Representative Lee Jae-myung proposed a public debate over the revision of the commercial law, which the Democratic Party of Korea said it would pursue as a party platform.

It comes a day after presidents of major Korean companies, including Samsung, SK, Hyundai Motor and LG, issued urgent statements against the revision of the law.

As the management and general investors have different ideas, we will listen to both sides' thoughts and decide the party's position.

[Lee Jae-myung / Democratic Party leader: No one is against the need to protect small investors. There's just a theory about how to go and which way to go.

Under the current commercial law, directors are required to faithfully perform their duties for the "company," and the key to the amendment is to ensure that not only the company but also the "shareholders" fulfill their obligations faithfully.

The ruling party took issue with the Democratic Party's proposal that there is no distinction between major shareholders and minority shareholders, as well as listed and unlisted corporations, and that management could be shaken by the abuse of shareholder lawsuits.

At the same time, the revision of the Capital Markets Act was proposed as an alternative so that it could be applied only to listed corporations.

[Kim Sang-hoon / Chairman of the People's Power Policy Committee: The commercial law applies to listed and unlisted companies, so I think the industry will feel a lot of pressure.]

The ruling and opposition parties are also locked in a dispute over whether to suspend the taxation of virtual assets, which will take effect next year.

The ruling party argues that it cannot pour cold water on investors who expect to recover their losses through the "Trump Rally," saying that it is a rare opportunity for young middle-class people to form assets amid soaring real estate prices.

Representative Han Dong-hoon repeatedly demanded that the Democratic Party of Korea prepare well for two years, saying that there is no reason to insist on implementing it immediately.

[Han Dong-hoon / Representative of the People's Power (21st): Young people are using it a lot as a ladder for asset formation. I think we need to protect this phenomenon.]

On the other hand, the Democratic Party of Korea's position is that it will raise the income tax deduction limit by 20 times as much as it pledged during the general election.

[Jin Sung-joon / Minjoo Party Policy Committee Chairman: The Democratic Party's pledge during the last general election was to raise the current deduction limit from 2.5 million won to 50 million won]

The Democratic Party of Korea's revision of the commercial law and the suspension of taxation on virtual assets proposed by the ruling party are all policies for people's livelihoods aimed at ant investors, but there is a difference in the methodology.

Attention is focusing on whether the ruling and opposition parties will be able to find a point of contact like the abolition of financial investment income tax.

I'm Kim Dayeon of YTN.

Reporter for shooting
; Lee St. Mary's Han Sang-won
Edit Video;Lim Jongmun
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