Six economic organizations propose lowering the highest inheritance tax rate to 30% in South Korea

On the 20th, six economic organizations, including the Korea Federation of Small and Medium Enterprises, the Korea Chamber of Commerce and Industry, the Korea Federation of Small and Medium Enterprises, the Korea Employers Federation, the Korea Businessmen's Association, and the Korea International Trade Association, submitted a petition to the ruling and opposition parties and the government requesting that the inheritance and gift tax be revised.