![[Breaking] 'Exchange Rate Stability 3 Bills' pass Finance Committee subcommittee with bipartisan agreement - Seoul Economic Daily Politics News from South Korea](https://wimg.sedaily.com/news/cms/2026/03/16/ams.001.photo.202603161144237479432552_P1.jpg "Korea's 'Exchange Rate Stabilization' Bills Clear First Parliamentary Hurdle")
A package of three bills aimed at stabilizing Korea's foreign exchange rate cleared the National Assembly's first legislative hurdle on Thursday.
The bills passed the Tax Subcommittee of the Strategy and Finance Committee with bipartisan agreement, subcommittee chairman Park Soo-young of the People Power Party announced in a briefing following the session.
The legislation, introduced by Democratic Party lawmaker Jung Tae-ho, who serves as the ruling party's chief secretary on the committee, contains three key measures that he has collectively dubbed the "Exchange Rate Stabilization Bills."
The package includes provisions for up to 100% capital gains tax deductions for domestic stock investments made through Returning Investment Accounts, new income deductions for investments in currency hedging products, and an increase in the dividend exclusion rate for income received from foreign subsidiaries to 100% from the current 95%.
The Democratic Party plans to advance the bills through the full Strategy and Finance Committee on Friday and the Legislation and Judiciary Committee before final passage in the plenary session on March 19.
"After passing the full committee tomorrow, the bills are expected to go to the plenary session on Thursday," Park said.
