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S.KOREA

Lee Jae-myung criticizes tax breaks for long-term home ownership

Lee Jae-myung, President of South Korea, on Friday criticized tax reductions for long-term home ownership, calling them a policy that encourages real estate speculation rather than protecting housing.In a post on X, Lee wrote, “Tax reductions on capital gains based solely on long holding periods—especially for high-priced homes that are not owner-occupied—ar..

Government warns of zero tolerance for fuel price gouging
South Korea’s ruling Democratic Party and the government said on March 6 they are preparing to introduce a fuel price ceiling if necessary as global oil pr..

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