Lee under pressure after proposed changes to ISA tax rules spark backlash

Individual savings accounts and related tax policy have become another point of contention following a government proposal to reexamine their tax status. President Lee Jae Myung quickly followed the proposal with orders to review the plans. Criticisms mounted as the proposed change could defeat the purpose of the accounts: easing tax burdens for investors — effectively for life — and encouraging long-term investment in stocks, bonds and equities. The ruling Democratic Party of Korea recently h