<Anchor> In relation to the
160 trillion won Korean version of the New Deal, a plan to create a New Deal Fund to induce private investment was announced yesterday (3rd).
In the event of a loss, the government will first pay for it to attract abundant liquidity in the market, but voices of criticism have also come out as to why it is trying to compensate for the loss with taxes.
This is Park Chan-geun.
<Reporter>
First of all, out of 20 trillion won in the'policy-type New Deal Fund', 7 trillion won from the government and public institutions is in charge of subordinated investment.
If a fund loses, it means that the loss is taken first, which greatly reduces the likelihood of losses for private investors.
[Seongsu Eun/Chairman of Finance Committee: It is not stated on the product that'the principal is guaranteed', but there is sufficient character to guarantee the principal after the fact...
.] The
government predicted that more than the Treasury Bond yield, that is, more than 1.5% per year, is possible.
Tax incentives are given to the profits of the'New Deal Infrastructure Fund' that invest more than a certain percentage of the infrastructure related to the New Deal.
Separate taxation of 9% is applied, which is significantly lower than the current level.
The idea is to induce abundant liquidity in the market due to low interest rates into productive fields with a de facto principal guarantee and tax benefits.
But there are also many concerns.
The government has cited smart schools and hydrogen charging stations as examples, but the investment targets and methods are not yet clear.
If government finances carry the risk of loss, the risk of loss for fund investors may eventually be passed on to the general taxpayer.
[Ha Jun-kyung / Professor of Economics at Hanyang University: It is said that it gives benefits, but the government cannot guarantee 100% of stability.
That's a matter for individuals to judge.] In
the case of infrastructure investments, long-term investments for more than 5 years are required, so how well individual investors will respond is expected to be the key to success.