[Editorial] ‘Strengthening of property tax’, also recommended by OECD, must be carefully designed to avoid side effects
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An apartment complex in Dongtan, Hwaseong-si, Gyeonggi-do, which was newly designated as a real estate regulation area (area subject to adjustment, overheated speculation district) on the 30th of last month due to a recent surge in housing prices.
An apartment complex in Dongtan, Hwaseong-si, Gyeonggi-do, which was newly designated as a real estate regulation area (area subject to adjustment, overheated speculation district) on the 30th of last month due to a recent surge in housing prices. Yonhap News In the ‘2026 Korean Economic Report’ released on the 2nd, the Organization for Economic Co-operation and Development (OECD) recommended that Korea’s real estate taxation be shifted from transaction tax to property tax. A ‘heavy holding tax, light transaction tax’ method reduces asset inequality...
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