South Korea finance minister says will elevate tax rates for a pair of dwelling homeowners – Reuters
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South Korea finance minister says will elevate tax rates for a pair of dwelling homeowners – Reuters

SEOUL (Reuters) – South Korea finance minister on Friday acknowledged the authorities will elevate loyal property taxes for a pair of dwelling homeowners and motivate renters to unload properties.

Valid property taxes that kick in on properties valued over 600 million won ($499,488) for a pair of dwelling homeowners will be increased, whereas capital beneficial properties tax rates will additionally be raised, Hong acknowledged at a protection assembly.

Hong didn’t elaborate.

The authorities additionally plans to raise dwelling provides in the metropolitan verbalize surrounding the capital Seoul.

Reporting by Cynthia Kim, Joori Roh; Making improvements to by Shri Navaratnam

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July 14, 2020
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