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S.KOREA

Lee clarifies tax relief for temporary non-resident homeowners

President Lee Jae-myung said on April 1 that homeowners who temporarily do not reside in their single home due to unavoidable reasons may still qualify for tax relief.In a post on X (formerly Twitter), Lee explained that individuals who cannot live in their homes due to work or their children’s education would be excluded from stricter taxation measures.“If..

Government activates energy alert system over oil and gas risks
The South Korean government has activated its resource security response system amid rising uncertainty in the Middle East, issuing a “concern” level crisi..

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