Presidential Office Emphasizes Comprehensive Real Estate Tax Easing as Policy Adjustment, Not Reform Retreat
Jump to 5:12The Presidential Office explained that the decision to maintain the comprehensive real estate tax (jongbuse) standard of 1.2 billion won for non-resident single homeowners and the burden ceiling of 150% is an area of policy adjustment reflecting diverse opinions from the political sphere and the public, rather than a lack of policy consistency or a retreat from reform.
The Presidential Office added that it was the result of comprehensively considering changes in the housing market and tax revenue conditions. However, the opposition parties and civic groups criticized the decision as a retreat from the government's reform will.
In response to these claims, the Presidential Office emphasized that this decision was a policy choice aimed at promoting housing stability for the public and resolving uncertainties in the real estate market. It reiterated that this demonstrated policy flexibility.


