S. Korea Eyeing Heavy Taxes on ‘Speculative’ Foreign Apartment Owners

SEOUL, Aug. 5 (Korea Bizwire) — South Korea’s ruling party is pushing to impose heavy taxes on “speculative” foreigner buyers of apartments here amid their rising home ownership, officials said Wednesday. The move comes as the Democratic Party (DP) has vowed to create countermeasures if necessary amid rising concerns over foreigners’ apartment purchases for speculative [...]