Korea Joongang Daily
Korea JoongAng Daily

DP considers real estate tax reforms amid housing market concerns

The Democratic Party (DP) hinted at real estate tax reforms on Sunday after President Lee Jae Myung urged multi-homeowners to sell their properties and pointed to available policy options to stabilize housing prices.

2026-02-01

Kospi's all-time high precarious as political, corporate policy threaten confidence

The Kospi has soared 25.8 percent in President Lee Jae Myung’s first 100 days, climbing to 3,407.31 on Monday to set a record high, but the momentum is precarious with the heavy influence of political and corporate policies.

2025-09-15

Government faces backlash over proposed changes to major shareholder capital gains tax threshold

The government’s recent tax reform — tougher taxes on the stock market — is sparking strong backlash from retail investors.

2025-08-04

PPP leader vows to abolish inheritance taxes for surviving spouses

Conservative People Power Party (PPP) interim leader Kwon Young-se said Thursday that his party will “abolish” inheritance tax for the transfer of assets from a deceased individual to their surviving spouse.

2025-03-06

DP accepts changes to comprehensive real estate tax law

Owners of two apartments in designated areas had been paying 1.2 percent to 6 percent, which is charged to people with three or more apartments everywhere in Korea. Under the proposal, it will be reduced to the lower rate of 0.6 to 3 percent.

2022-12-12

Yoon tax plan designed to help the people and the economy

Tax reforms being pushed by the administration are designed to undo the damage done by the previous administration's tax policies, the Yoon Suk-yeol government says.

2022-07-21

Taking the ax to taxes is the focus of a bill being drafted

Since taking office in May, the Yoon Suk-yeol government has been pushing strongly for lowering the corporate tax from 25 percent to 22 percent.

2022-07-18

Tax break

The National Assembly passed a bill revising the comprehensive real estate tax on Tuesday. Under the bill, single apartment owners will be taxed on apartments with assessed values exceeding 1.1 billion won ($943,000) instead of 900 million won

2021-08-31

Tax reform proposal offers credits to businesses hit by Covid-19

Latest tax reform proposals aim to support people that have been most affected by the Covid-19 pandemic including small- and medium-sized enterprises as well as small businesses forced to close due to the pandemic.

2021-07-26

Samsung Electronics could be hit by OECD tax plan

Korea has signed on to the global tax plan designed to rein in the tech companies and get them to pay their fair share. It is also trying to make sure its major companies don’t get caught up in the rush to tax.

2021-07-05