President Lee Jae-myung ordered a full review on August 7 of key parts of the 2026 tax reform package after backlash over individual savings accounts, or ISAs, and a proposed stock-price suppression bill. The government had announced on August 3 that it would create a "Productive Finance ISA" limited to domestic stocks, domestic equity funds and the National Growth Fund, while also scrapping the carryover of unused contribution limits under the existing ISA system, capping general ISA terms at five years and applying the reduced benefits retroactively to current account holders. That triggered accusations of forcing money into domestic stocks, especially from younger investors and Seohak ants, who said the plan would curb flexibility, disrupt long-term tax deferral and compounding, and bar investment in overseas index exchange-traded funds such as those tracking the S&P 500 and Nasdaq 100. Lee was reported to have strongly rebuked officials over the ISA design and told aides to re-examine both measures from scratch. The stock-price suppression bill, aimed at cases where majority shareholders keep prices low to reduce inheritance or gift taxes, has also drawn criticism for departing sharply from a simpler original bill proposed by Democratic Party Representative Lee So-young. The government proposal uses PBR thresholds and other screening conditions, covers companies in the bottom 25% of KOSPI or bottom 10% of KOSDAQ industry groups in 12 of the last 13 half-year periods, and relies on National Tax Service deliberation before recalculating the tax base. Critics say those tests create loopholes that make avoidance easier, and estimates cited from the Korea Corporate Governance Forum suggest only about 130 companies would be covered, versus roughly 1,300 under Lee So-young’s earlier bill. The dispute marks the second straight year that a tax reform proposal has been thrown into revision after announcement, raising broader questions about policy design and credibility as related real estate tax changes also draw heavy public comment.