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ECONOMY

High-end Seoul homes face tax surge

Owners of high-end apartments in Seoul’s most sought-after districts, including Gangnam, Seocho and Songpa, are expected to face a sharp increase in property-related taxes this year, driven by rising official home prices and the progressive structure of the comprehensive real estate tax.According to government estimates, the combined tax burden for some luxu..

July consumer prices rise 2.1%, remain in 2% range
Consumer prices in South Korea rose 2.1% in July, marking the second consecutive month of inflation in the 2% range, driven mainly by higher processed food..

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