Fiscal justice and market confidence

The recent tax reform proposal announced by the Lee Jae Myung administration has triggered a wave of concern from both domestic and international observers. Particularly troubling is the growing chorus of criticism from major global investment banks, which reflects not only skepticism about the proposed changes but a deeper crisis of confidence in the government’s overall policy direction. Citigroup downgraded its investment outlook on Korea from “Overweight” to “Neutral,” citing that the reform undermines the government’s own stated goal of boosting corporate value. CLSA issued a report, pointedly titled “Yikes, Tax Hikes,” warning that even if the proposal is revised in the National Assembly, short-term market disappointment is inevitable. Goldman Sachs also expressed concern, pointing to mounting policy confusion and advising investors to exercise caution. These statements from highly influential financial institutions are not minor footnotes — they are red flags that should prompt a sober reassessment of policy direction at the highest levels. At the heart of theWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times