Lee Hyoung-il, the nominee for Deputy Prime Minister and Minister of Finance and Economy, said on the 2nd that revising inheritance and gift tax law alone may not resolve stock price suppression. He argued that capital-market development should come first, including institutionalizing the bear hug (direct takeover offer at a premium) strategy. The government’s proposed amendment would identify suppression using price-to-book ratio and stock-performance criteria and increase the assessed stock value by at least 30% when those criteria are met. Critics said the rules could be avoided and that the surcharge was insufficient, prompting the government to promise rational improvements during the National Assembly’s review.