Real estate tax on the rise

Residential comprehensive holding tax rose for a second straight year last year, according to the National Tax Service.

SARAH CHEA
SARAH CHEA BUSINESS REPORTER
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Real estate sales are posted at an agency in Songpa District, southern Seoul, on June 30. Korea's comprehensive real estate holding tax on residential properties surpassed 1.3 trillion won last year ($840 million), rising for a second consecutive year, according to the National Tax Service.
Real estate sales are posted at an agency in Songpa District, southern Seoul, on June 30. Korea's comprehensive real estate holding tax on residential properties surpassed 1.3 trillion won ($840 million) last year, rising for a second consecutive year, according to the National Tax Service.

Real estate sales are posted at an agency in Songpa District, southern Seoul, on June 30. Korea's comprehensive real estate holding tax on residential properties surpassed 1.3 trillion won ($840 million) last year, rising for a second consecutive year, according to the National Tax Service. 

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