Lee faces pressure over proposed changes to ISA tax rules

Tax policies on savings accounts have become a point of contention after a government proposal to reexamine their tax status came under fire. President Lee Jae Myung called Friday for review of the plans to individual savings accounts (ISAs) after they were criticized for defeating the purpose of the accounts. ISAs were brought in to encourage long-term investment in stocks, bonds and equities by easing tax burdens for those who invest in them for at least three years. The ruling Democratic Par

By The Korea Herald