South Korean media: Lawmakers discuss that unrealized gains from stocks and real estate should also be considered income and subject to comprehensive taxation

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Gold Financial reports that on June 23rd, the Korean stock market experienced heavy selling pressure today, with the Korea Composite Stock Price Index plummeting 9.99%, marking the largest decline in three months; Samsung Electronics and SK Hynix both closed down over 12%.
In addition to market concerns that this round of gains has become overly extended and investors' increasing sell-off of chip leader stocks, a "Korean short essay" circulating wildly on social networks is said to be one of the catalysts triggering retail panic.
The report, under the name of "Yonhap News Agency," claims that Korean lawmakers are jointly proposing aggressive tax reforms, intending to treat "unrealized gains (floating profits) from real estate, stocks, and other investments as personal income for comprehensive taxation," and states that "even without selling assets, taxes will be levied on the substantial increase in net assets."
Analysts point out that the Korean stock market has recently accumulated huge profit-taking due to the AI chip boom, and the market itself is in a sensitive high position.
Against the backdrop of recent regulatory warnings to prevent excessive leverage, such policy-related "short essays" and rumors often have their effects amplified infinitely, thereby accelerating a technical deep correction in the Korean stock bull market.
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