SEOUL, April 11 (Korea Bizwire) — South Korea’s finance ministry on Monday rejected a request by the presidential transition team to temporarily ease property capital gain taxes for multiple home owners. The transition team of President-elect Yoon Suk-yeol earlier asked the outgoing government to revise an ordinance to the income tax law in a bid [...]
SEOUL, Aug. 6 (Korea Bizwire) — Four in 10 high-ranking officials at the government’s ministries and institutions involved in the formulation of real estate and financial market policies are multiple homeowners, a civic group revealed Thursday, raising concerns about a possible conflict between their official duties and private interests. According to the Citizens’ Coalition for [...]
SEOUL, Dec. 22 (Korea Bizwire) — The number of people who own more than 10 homes in South Korea climbed to a new high last year, marking a turnaround from a slight drop the year before, data showed Sunday. As of end-2018, the number of people with 10 or more homes here came to 37,487, [...]