Gu Yoon-chul "Announcement of Housing Supply Measures Today... Major Shareholder Capital Gains Tax Standard to be Announced This Month"

[Financial News] Deputy Prime Minister Gu Yoon-chul, who is also the Minister of Strategy and Finance, announced that the major shareholder standard for stock capital gains tax will be finalized within this month. Deputy Prime Minister Gu appeared on KBS Sunday Diagnosis on the morning of the 7th and answered "Yes, I will make a quick decision" to the question of whether the major shareholder standard for stock capital gains tax will be finalized this month.
 He added, "The biggest mission is economic growth, and for that, if companies grow, the capital market is activated," stating, "My goal is to focus on activating the capital market."
 Regarding concerns about national debt, he said, "I will not say that national debt is okay," and added, "Even if we incur a little debt, we have boldly allocated the budget prepared by restructuring unproductive projects to places where results can be achieved."
 He emphasized, "Considering that the potential growth rate is continuously falling and that Korea is at a historic turning point in artificial intelligence (AI), which is its strength, even if debt increases in the short term, we will focus on items that can securely guarantee the future."
 Regarding the historically largest increase in the research and development (R&D) budget, he said, "We have generously provided money so that we do not hear that we couldn't develop technology due to lack of funds for developing technology to move towards a super-innovative economy."
 Regarding the 3rd supplementary budget plan, he said, "There are no plans at present."
 Regarding the price situation, Deputy Prime Minister Gu said, "Although the price level fluctuates within the expected range of around 2%, there are three issues," explaining, "We are paying special attention to and managing the prices of agricultural, livestock, and fishery products, processed foods, and service and dining prices, and will make more policy efforts." He continued, "If we further stimulate consumption, we expect a growth rate of 0.9% this year, which we can fully achieve," and "Next year, we forecast a growth rate of about 1.8%, which is the potential growth rate."
 Regarding the discussion on extending the retirement age, he said, "The direction is correct, but it should be done through social consensus and discussion."
 Regarding the business community's criticism that 'regulations on large companies are excessive,' he said, "We recognize the problem of stepwise regulations where regulations increase as companies grow larger and decrease as they go down," and "We are researching ways to give incentives to companies that grow a lot, rather than regulating by company size such as small, medium, and large enterprises."
 Regarding the recent Korea-US customs negotiations conducted in Washington DC, Deputy Prime Minister Gu evaluated, "Howard Lutnick, the Secretary of Commerce, who was pressuring us, helped us by even giving advice to make the negotiations successful," and "Building personal relationships well helped in the final negotiations."
 Regarding the crackdown on illegal immigrants by US authorities in Georgia involving Hyundai Motor and LG Energy Solution, he said, "If there is a part where the Ministry of Strategy and Finance can step in, we will actively gather strength."
 Meanwhile, regarding housing management measures, Deputy Prime Minister Gu said, "The government aims for housing market stability and housing stability for the people as its top goal." He said, "With the June 27 measures, we prepared a plan to manage household debt, and although the housing market seems somewhat stabilized now, it won't work with just demand management," and continued, "We have supplied based on various standards such as approval and construction start, but this time we will announce based on the construction start standard," and "We will speed up the procedures after the construction start so that houses can come out quickly."


spring@fnnews.com Reporter Lee Bo-mi