Korea Joongang Daily
Korea JoongAng Daily

Property summit

Heads of five local governments meet to discuss the issue of government assessed values of real estate, from which property taxes are calculated, at Seoul City Hall on Sunday. The central government increased the assessed values steeply...

2021-04-18

Real estate policy leaves some elderly with big insurance bills

According to National Insurance rules, a person can no longer be a dependent and on the policy of another person if the value of their property breaks a certain threshold,

2021-04-05

As promised, gov't raising assessed values, taxes

The average assessed value of apartments nationwide increased 19.08 percent for 2021. This is a big surge compared to the 5.99 percent increase last year and the sharpest increase in 14 years.

2021-03-15

Assessed value of land to rise at fastest pace in 14 years

The assessed value of land will rise 10.37 percent next year, according to preliminary estimates. It will be the largest jump in 14 years.

2020-12-23