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South Korea's unicameral national legislature, which passes laws, approves budgets, and oversees government policy, including taxation.
No evidence-backed relationships are recorded.
Korea will cut the Onnuri voucher's upfront discount to 5% and pay up to 5% more at traditional markets, on issuance trimmed to 4.6 trillion won. With 65% of redemptions already at markets, much of the rebate pays for spending the program already had.
Reality
South Korea's government wants authority to move a tax windfall of more than 60 trillion won into a new fund while the Bank of Korea is raising rates. Whether the money repays deficit bonds or feeds fund spending will help decide how far rates have to rise.
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Lee Hyoung-il told the National Assembly that virtual assets belong in the other-income category and that the National Tax Service will publish the operative rules by the end of this year, while capital gains taxation of securities waits for calmer markets.
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The 2026 revision, before parliament since Sept. 3, would pay the one-home long-term deduction at 8% for each year of residence, drop years of ownership entirely in 2029, and cap the deduction at 1 billion won.
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Bills before the National Assembly's National Policy Committee would cap food delivery commissions. The Seoul Economic Daily puts brokerage at about 7.8% of an order and calls riders' delivery charges the bigger cost to owners.
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The trade ministry takes the program to two National Assembly committees behind closed doors on the 22nd, five days later than planned, with a Texas gas plant, large reactors and Alaska LNG on the agenda.
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Two weeks after being named minister of gender equality and family, Yong Hye-in gave up the nomination at a National Assembly news conference on the 13th and said she will go back to her work as a lawmaker.
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The 2021 exemption for jointly titled single-home owners saves one 63-year-old couple 248,000 won and would cost a 49-year-old couple 5.28 million, so the National Tax Service will now calculate it and refund past overpayers.
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The National Tax Service says its review found about 5,700 taxpayers who should apply for the joint-owner option and about 2,900 who should cancel it, and it will bill each of them at the cheaper figure in November.
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A bill to carve residential land out of Yongsan Park is before the National Assembly, and the urban planner arguing against it puts the alternative at 500,000 to 1 million homes around Seoul's subway stations.
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A plenary vote on the 26th would clear Camp Kim for apartments, but MOLIT and Seoul still disagree over the park itself, and that split is what sets the supply timeline.
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Seoul plans to park above-trend tax revenue in a Future Response Fund for AI and advanced industry, estimated at a minimum of 100 trillion won next year, with 20% reallocation latitude.
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The 20.79% share of domestic taxes goes away after 55 years. Grants will track nominal growth with demographic decline counted at 35%, and the gap flows to a new Future Response Fund.
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Hypermarket share of Korean retail fell 13.6 points since 2018 while online passed half of all sales. New research finds neighbouring shops gain when the malls open.
Reality