South Korea has reversed its plan to lower the threshold for capital gains taxes on large shareholders, opting to keep it at 5 billion won. The decision, prompted by investor pushback and market concerns, signals a broader shift in the country’s ongoing tax and investment policies.

South Korean President Lee Jae Myung has pledged “all-out efforts” to protect Korean nationals following a large-scale immigration raid at a Hyundai factory in Georgia. The country’s foreign minister announced the president’s stance at an emergency meeting on Saturday, signaling Seoul’s serious concern over the incident.