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Gov't, Ruling Party Share Need to Relax Tax Rule for Single-Home Owners Not Living in Property

Summary by The Korea Times
The government and the ruling Democratic Party of Korea (DPK) shared a consensus Sunday on the need to relax a proposed tax revision that could hur...

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(Seoul = Yonhap News) Reporters Kim Nam-kwon and Jeong Yeon-sol = On the 23rd, regarding the government's tax reform plan, Democratic Party leader Kim Min-seok stated, "Regarding non-resident single-home owners, the diversity of reality..."

·Seoul, Korea (the Republic of)
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Kim Min-seok, leader of the Democratic Party of Korea, called for the alleviation of the tax burden on non-resident single-home owners regarding the government's real estate tax reform plan. In particular, he emphasized the need for careful deliberation on the reduction of comprehensive real estate tax deductions and the expansion of the tax burden ceiling, stating that a meticulous examination is required regarding the ripple effects that a ref…

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조선일보 broke the news on Sunday, August 23, 2026.
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