SEOUL, Nov. 21 (Korea Bizwire) – The number of people subject to the so-called comprehensive real estate tax hovered above 1 million for the first time since the scheme was introduced in 2005 amid soaring overall property prices, data showed Monday. A total of 1.3 million home and land owners will receive the tax invoice [...]
SEOUL, Oct. 10 (Korea Bizwire) —Various civic groups that claim the problem of land speculation in Korea cannot be overcome without increasing property holding tax have come together to launch a civic action coalition calling for stronger measures. Civic groups such as Citizens’ Coalition for Economic Justice and Mibyun’s Committee on People’s Livelihood & Economy [...]
SEOUL, July 17 (Korea Bizwire) – Among the 3.74 million property tax payers in Seoul for the first half of this year, Samsung Electronics’ headquarters in Seocho-gu was the largest tax payer with 1.7 billion won(US$1.65 million). The Seoul Metropolitan Government announced on July 15 that it sent out the property tax bills amounting to 1.22 [...]