a flexible stock exchange tax cut...The controversy over dual taxation remains.

[anchor]

Stock investors are expected to ease the burden of the stock exchange tax.

It's because the government is seriously considering lowering the stock exchange tax.

Some say that we should abolish it altogether. 

I'm a material reporter.

[Reporter]

The need to lower the stock exchange tax, 사설토토 which was mentioned by Lee Hae-chan, chairman of the main opposition Minjoo Party of Korea, in mid-June.

The Ministry of Strategy and Finance, which has opposed the abolition of the stock exchange tax due to a decrease in tax revenues, also said that it is considering lowering the transaction tax.

Currently, the KOSPI will charge 0.3 percent of the transaction price, and if the transaction tax is lowered, it will be between 0.1 percent and 0.15 percent, which is more than half lower than before.

However, the dual taxation debate is inevitable, as some transactions may still be subject to both capital gains and securities transaction taxes.

The Government believe that it is not a double taxation in that it has different taxation destinations and different imposition targets.

<Hong Nam-gi, deputy prime minister for economy and finance>"However, I agree with you in part on the point that the stock exchange tax is too excessive."

Some in the financial and academic circles also view the reduction as a realistic compromise to reduce tax revenues and stimulate capital markets.

However, there are still voices calling for dual taxation to be abolished.

If the valuation of the shares traded is over 1.5 billion won, 22% of the capital gains tax and the stock exchange tax are imposed together.

Cho Hyung, professor of business administration at Hong Ik University, because the purpose of the stock exchange tax is to set the stage for income tax.For those who invest in stocks, they may think that the transaction tax is double taxation because of income tax."

The Ministry of Finance and Economy and the financial authorities plan to formulate a plan to reduce the transaction tax after the Lunar New Year holiday. 

It's from Yonhap News TV.