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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..

S. Korea to raise electricity rate next month
AsiaToday reporter Choi Won-youngSouth Korea’s average power bill for a four-person household will rise by 2,220 won per month and around 2,220 won will be..

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