Respond with Hong Nam-ki’s resignation to the ruling party’s offensive to “postpone a billion large shareholders …”

Check-in 2020.11.03 16:38

Vice Premier Hong Nam-ki and Minister of Strategy and Finance resigned on the 3rd, but President Moon Jae-in immediately rejected their resignation. It is interpreted with the intention of “crediting” Vice Premier Hong. It is known that Vice Premier Hong’s speech was sudden, as it was not even known within the Ministry of Finance.

In response to Hong’s sudden expression of appreciation, both inside and outside the Information Ministry, there is an analysis that the ruling party was responsible for failing to keep up with the ‘300 million won large shareholder standard’ ‘, who claimed to be Gwan-cheol. . Furthermore, he is interpreted to regret that the Blue House took the reserved position of delaying responses without adhering to the prevailing principles to the national petition related to the 300 million won standard for large shareholders.

Vice Premier Hong attended the National Assembly Planning and Finance Committee that day and said: “I wanted someone to take such a responsible attitude for the development of the situation where the majority shareholders have continued for two months in relation to the 300 million won standard plan. ” I took responsibility and delivered a resignation letter in the morning with a statement of resignation today. ”In this regard, the Blue House said it immediately rejected Vice Premier Hong’s assessment.

◇ “The decision made in 2017” has been said several times, but in the end ‘white flag’ … “I’m in charge”

According to the government’s plan to promote financial taxes in 2017, the standard for imposing capital gains tax on listed shares will be lowered from ‘1 billion won’ per item to ‘300 million won’ from of the next year. If you are classified as a main shareholder, 22-33% of the transfer tax (including local tax) must be paid when the shares are sold and they make a profit the following year. However, if the ‘big’ take out large amounts at the end of the year to avoid imposing the transfer tax, the stock market could fall. Therefore, investors opposed raising the bar for large shareholders and filing impeachment petitions against Vice Premier Hong.

The Dongha Democratic Party, which initially did not disagree with the government’s plan to promote financial taxes, changed its position as the voices of minority shareholders represented by the Donghak ant movement increased. If the standard is lowered to 300 million won on schedule, the market may shake, as more investors are selling stocks by year-end and have taken on the government.

However, at the party meeting, the Democratic Party was parallel, arguing that the implementing decree itself would be suspended for two years. Finally, at a meeting of the party’s senior management on the 1st, it was decided to maintain the current standard of shareholders at 1 billion won, and the Ministry of Information and Infrastructure heard a “white flag.”

Vice Premier Hong said: “There was a discussion about this at a high-ranking party, government and government meeting the day before yesterday.” “There are several factors that can be known and the recent global situation (anxiety and economic uncertainty). I decided to keep a billion like that.”

“As if nothing was wrong, I thought it was not the purpose of the public officials to say ‘we are going to a billion won.’ Someone would have to be responsible, but as such an opinion was initiated by the Ministry of Information, I am in charge. Wow) Most opinions differ, but it is not a subject that I can decide. Since the party administration discussed it, I would like to follow up. “

Starting next year, the government decided to lower the standard for imposing capital gains tax on listed shares from ‘1 billion won’ to ‘300 million won’ per item. If you are classified as a main shareholder, 22-33% of the transfer tax (including local tax) must be paid when the shares are sold and they make a profit the following year. However, if the ‘big’ take out large amounts at the end of the year to avoid imposing the transfer tax, the stock market could fall. Therefore, investors opposed raising the bar for large shareholders and filing impeachment petitions against Vice Premier Hong.

So far, Vice Premier Hong has repeatedly mentioned the need for the 300 million won standard for large shareholders through government audits. On this day, Vice Premier Hong said: “The current requirement for major shareholders is one billion, but the executing decree has already been revised in February 2018, and the executing decree has already been revised to 300 million. won in March of next year. ” In terms of tax equity for Korea, we thought we had to go according to previously announced policy.

◇ It is Wen’s government policy … Deferred response to petitions and apologies’ … laden with dismissal petitions

Some analysts say Hong’s speech was also mixed with regrets for the Blue House. Although the Moon Jae-in administration’s policy of reducing the base amount for major shareholders was launched, the Blue House has moved one step away from the debate between the ruling party and the Ministry of Knowledge Economy. The Ministry of Information and Communication had to handle the offensive by the ruling party and the backlash from equity investors.

Meanwhile, Vice Premier Hong, the head of the economy, had to endure a situation in which a national request for dismissal was raised because he maintained the principled position of adhering to the established execution decree. For this reason, the fact that the Blue House delayed the deadline to respond to the petition in relation to the abolition of the transfer tax of the majority shareholder is inevitably a regret for the Ministry of Information and Technology.

The Blue House said through an announcement on Facebook on day 1: “Please understand that we have postponed the response to the petition to abolish the capital gains tax for large shareholders. We are hearing various opinions and will respond as soon as possible. possible”.

At first, the Blue House appeared to support the position of the Ministry of Equipment, which lowered the requirement for large shareholders to 300 million won, saying that ‘there is no change in existing policy’, but when the offensive by the ruling party intensified, he returned to a reserved position. It is known that the Ministry of Knowledge Economy produced a response that the market impact based on the large shareholders of 300 million won is limited, and that it has to be enforced because it already announced an increase through the decree execution in 2017. A government official said: “I know there was no postponement of the response to the initial response scenario.” I was hoping to. “

Furthermore, the fact that various petitions, including the majority shareholder rule, his own real estate problem and the proposed layoff, appeared to have burdened Vice Premier Hong. The petition to abolish the transfer tax to the main shareholders, which was published on September 2, obtained the consent of 21.6844. The petition “I strongly request the removal of the Minister of Materials Science and Technology Hong Nam-ki” was agreed with 248,000 people, and the response requirements of the Blue House were met. In addition, several petitions have been raised criticizing Vice Premier Hong, who has become a “refugee”.

A senior official from the Ministry of Technology said, “I know it was a difficult situation regarding the breach of the 300 million won standard for major shareholders, junior morale, and various person-related issues recently.” I didn’t share it inside. I think I had already made some decisions in my mind.