This report traces the political conflicts and aspects of compromise surrounding the determination of the highest corporate tax rate in Korea since democratization. It discovered that in the domain of policy decision-making through legislation, decision-making has been achieved through compromise between the president and the assembly, as well as between the ruling party and the opposition party rather than through unilateral politics by an authoritarian president. There is widespread concern that under a presidential system, if a multiparty system is established through a mixed proportional representation system, the ruling party may not be able to secure a majority of seats. As a result, the National Assembly will be brought to a stalemate, leading to continued political turmoil. However, examining the case of the determination process of corporate tax rates reveals that despite the structural constrains of Korean politics that make inter-party cooperation difficult, political parties have been mutually cooperative. It is anticipated that if institutional conditions mature through constitutional amendments and reforms in the electoral system, the future planning function of politics, where multiple parties can engage in discussions, cooperation, and conflict management, and propose mid- and long-term policies, will be strengthened.
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