Politics · South Korea · 5 hrs ago
Ruling party urges tax threshold of 1.4 billion won regardless of residence
The ruling party urged the government to change the property tax rule.
It called for a 1.4 billion won threshold for South Korea's comprehensive real estate holding tax.
The party wants the threshold to apply without distinguishing owner-occupied homes from other properties.
That would mean where an owner lives would not determine whether the threshold applies.
The proposal concerns how the tax threshold is applied, but no details about its likely effect are given.
The government's response or any next step was not stated.
South Korea’s ruling party strongly urged the government to set a comprehensive real estate tax threshold of 1.4 billion won.
The party said the threshold should apply regardless of whether the home is the owner’s actual residence.
The report was published on November 8, 2026.
The source did not identify the party or provide the government’s response.
- Who
- South Korea’s ruling party.
- What
- It strongly urged the government to apply a 1.4 billion won comprehensive real estate tax threshold regardless of actual residence.
- When
- November 8, 2026, when the report was published.
- Where
- South Korea.
- Why
- Not stated.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Tax threshold
- 1.4 billion won
- Tax
- Comprehensive real estate tax
- Residence rule
- Apply without distinguishing actual residence
- Report publication
- November 8, 2026
3 sources
What people are saying
Strongly urge the government to apply a 1.4 billion won comprehensive real estate tax threshold without distinguishing actual residence