The South Korean presidential office supports the ruling Democratic Party's views on capital gains tax on stock.

South Korea's "The East Asia Daily" quoted an unnamed official from the Blue House as saying that the presidential office actually agrees with the ruling party's stance on the issue of capital gains tax on stocks. The ruling party, the Democratic Party of Korea, stated yesterday that in a meeting on Sunday, it had requested the government not to lower the threshold for major shareholders to pay capital gains tax. The Blue House official told "The East Asia Daily" that, considering the ruling party has already stated its position, the current threshold of 50 billion Korean won is likely to remain unchanged. In response to the report, the South Korean Ministry of Finance stated in a statement that no decision has been made on the matter yet.