SBS News

"Not a Serious Situation to Deny Legislative Power"... Where Is the Criminal Procedure Act Amendment Headed? This morning , during a Cabinet meeting held at the presidential office, Preside… SBS Aug 4, 2026 2:28 PM

President Lee Jae-myung: "Capital Gains Tax of Only a Few Hundred Million Won on 10 Billion Won Real Estate Profit Lacks Equity" President Lee Jae-myung said today , "While earned income tax can reach up to 49.5% when various additions are factored in, real estate capital gains of around 10 billion won result in only a few hundred million won in taxes." Presiding over a Cabinet meeting at the presidential office today, President Lee made the remarks, stating, "If someone happened to gain that wealth purely by chance through living there, cutting taxes might be right, but if someone buys property for investment and earns billions of won while paying almost no tax, it is completely unfair compared to the earned income of workers." Regarding the current capital gains tax, President Lee emphasized, "It also does not align with the purpose of protecting housing. SBS Aug 4, 2026 1:54 PM

Cabinet Passes Revision Bill to Completely Abolish Prosecutors' Direct Investigations A revision bill to the Criminal Procedure Act, which completely abolishes prosecutors' direct investigative powers and supplementary investigative powers, has passed the cabinet meeting. SBS Aug 4, 2026 1:54 PM

President Lee Expresses Concern Over Massive Police Power, Urges Thorough Preparation ▲ President Lee Jae-myung speaks during a Cabinet meeting held at the Blue House… SBS Aug 4, 2026 1:26 PM

President Lee: "Capital Gains Tax of Only a Few Hundred Million Won on 10 Billion Won Real Estate Profit Lacks Fairness" President Lee Jae-myung stated, "Earned income tax can reach up to 49.5% when various additional taxes are factored in, yet even if capital gains from real estate reach the 10 billion won range, the tax is only a few hundred million won." Presiding over a Cabinet meeting at the Cheong Wa Dae, President Lee made the remarks, saying, "While it is understandable to grant tax reductions if someone happened to acquire property by chance, if someone makes billions of won by purchasing property for investment purposes and pays almost no tax, it is deeply unfair compared to the earned income of workers." Regarding the current capital gains tax, President Lee also emphasized, "It does not align with the purpose of protecting housing. SBS Aug 4, 2026 1:22 PM

President Lee: 'Treat Heatwave as National Disaster, Go All Out for Necessary Measures' Regarding the nationwide heatwave, President Lee Jae-myung stated, "We must view the current situation as a national disaster and make every possible effort to swiftly and flawlessly implement necessary measures to protect the lives of the people." President Lee made the remarks during a Cabinet meeting he presided over at the Blue House on the 4th, saying, "Record-breaking heatwaves continue day after day across the country, making it difficult for citizens to even carry out their daily lives." "Above all, the most urgent task is to protect people's lives," he said, adding, "Please carefully review the support measures for vulnerable groups, such as residents in jjogbangchon (impoverished guesthouses) and elderly people living alone, and meticulously look after the safety management of workers in outdoor workplaces and confined spaces." He also ordered, "In particular, we must intensively inspect sites to ensure that workers' rights to halt work operate effectively. SBS Aug 4, 2026 1:19 PM

DPK Stresses Detailed Review of Real Estate Tax Reform Plan The Democratic Party of Korea welcomed the government's real estate tax reform plan from the perspective of tax normalization today , while also stating that it will closely examine the details during the National Assembly's deliberation process and make supplementary adjustments if necessary. SBS Aug 4, 2026 12:52 PM

President Lee Says Prosecution Investigation Rights Abolition Bill Does Not Warrant Veto President Lee Jae-myung has signaled that he will effectively not exercise his veto power regarding the amendment to the Criminal Procedure Act that completely abolishes the investigative powers of prosecutors. SBS Aug 4, 2026 12:15 PM

PPP Blasts Tax Reform as 'Extortion,' While DP Defends It as 'Tax Normalization' The People Power Party strongly criticized the latest tax revision bill, claiming it ultimately aims to collect more taxes. SBS Aug 4, 2026 12:13 PM

President Lee Jae-myung on Public Official Misconduct: "Why Is It Considered Private Life?" Earlier this morning , during a Cabinet meeting held at the Presidential Office, President Lee Jae-myung discussed the disclosure scope of public officials' misconduct with relevant cabinet ministers. SBS Aug 4, 2026 11:42 AM