S. Korea to Impose Steeper Taxes on Multiple Home Owners to Curb Housing Prices

SEJONG/SEOUL, July 10 (Korea Bizwire) — South Korea will raise property ownership tax rates for multiple home owners, the finance ministry said Friday, in the latest move to curb housing prices. The current 0.6 percent to 3.2 percent ownership tax on people who own three or more homes will be raised to 1.2 percent to [...]