A tax reform full of contradictions will only deepen confusion in the housing market (KOR) President Lee Jae Myung's housing tax reform aims to spur home sales, but higher taxes, tighter lending and tenant rules may instead freeze transactions and deepen market anxiety. 2026.8.5
A tax reform full of contradictions will only deepen confusion in the housing market President Lee Jae Myung's housing tax reform aims to spur home sales, but higher taxes, tighter lending and tenant rules may instead freeze transactions and deepen market anxiety. 2026.8.4
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
Comprehensive real estate tax bomb lands on 1 million According to the Finance Ministry on Monday, 947,000 people received bills, a 41.8 percent increase year-on-year. The amount they owe is 5.7 trillion won -- 216 percent higher than 1.8 trillion won a year ago. 2021.11.22
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 2021.8.31
Better to give property than to receive a big tax bill With new real estate measures being passed that will raise the cost of ownership and penalize sales, property owners are choosing to pay now rather than pay later. 2020.11.27
Property owners get big tax shock A 66-year-old man who lives in Mok-dong of Yangcheon District, western Seoul, was shocked recently after checking his comprehensive real estate tax bill. It was up sevenfold from the previous year. 2020.11.24
War on property has some couples considering divorce Couples are on edge, with some considering divorce, as new taxes may soon be passed on property. 2020.7.20
FOMO drives investment toward once shunned officetels Officetels and villas, long the black sheep of the property market, are gaining favor among investors who see them as the last resort for making a killing in the market. 2020.7.14
Fast fixes don’t work (KOR) President Moon Jae-in’s administration is expected to come up with its 22nd set of measures to control soaring real estate prices. The measures are focused on raising rates of the comprehensive real estate tax, transfer tax and... 2020.7.6
![A post office in Gangnam on Nov. 23 prepares to send out comprehensive real estate holding tax bills to apartment owners. This year, those charged the real estate holding tax for the first time exceeded 1 million, 8.1 percent of all residential real estate owners. [YONHAP]](https://image.koreajoongangdaily.com/11881536.jpg?imageId=11881536&width=240&height=184&format=webp&format=jpg)
![A post office worker in Seoul pushing a cart full of this year's comprehensive real estate holding tax on Monday. [YONHAP]](https://image.koreajoongangdaily.com/11335601.jpg?imageId=11335601&width=240&height=184&format=webp&format=jpg)
![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. This translates to apartments with market values of around 1.57 billion won. The change is meant to reduce property taxes, which have sharply increased due to the rapid hike of apartment prices during the Moon Jae-in government. [YONHAP]](https://image.koreajoongangdaily.com/11086674.jpg?imageId=11086674&width=240&height=184&format=webp&format=jpg)
![A view of apartments in Songpa Distirct, southern Seoul, of Seoul Sky at the top of the Lotte World Tower. [YONHAP]](https://image.koreajoongangdaily.com/10045878.jpg?imageId=10045878&width=240&height=184&format=webp&format=jpg)
![A view of apartments in Gangnam District, southern Seoul, on Nov. 19. [YONHAP]](https://image.koreajoongangdaily.com/12220133.jpg?imageId=12220133&width=240&height=184&format=webp&format=jpg)
![Real estate agents provide consultation services for tax reductions as homeowners are concerned about rise in the comprehensive real estate tax once new real estate bills get passed by the National Assembly. [News 1]](https://image.koreajoongangdaily.com/10023814.jpg?imageId=10023814&width=240&height=184&format=webp&format=jpg)
![Officetels are now part of the perceived housing bubble as the government's latest real estate measures are deterring investors from buying apartments. [Shutterstock]](https://image.koreajoongangdaily.com/11538635.jpg?imageId=11538635&width=240&height=184&format=webp&format=jpg)