Oh Se-hoon, the People Power Party's candidate for Seoul mayor, criticized Jung Won-o's proposal to reduce property taxes for homeowners, calling it "disappointing and merely a stopgap measure."
Oh made his remarks on the afternoon of May 15 during a visit to a site in Gangdong District, where he held a meeting with the "Citizens' Countermeasures Committee for Real Estate Hell."
He stated, "As property values rise across Seoul, property taxes will inevitably increase. Proposing to reduce taxes for a select few while creating an environment that raises property taxes is akin to breaking someone's limbs and then offering a band-aid as a solution."
Oh further pointed out that Jung's proposal is limited to homeowners without income and includes age restrictions, calling it "extremely disappointing and merely a stopgap measure."
Earlier, on May 13, Jung announced his plan to implement property tax relief for homeowners without income.
Following a press conference at the National Assembly that morning, Jung told reporters, "There have been many calls for measures as property taxes for homeowners are expected to rise significantly across Seoul. If I am elected mayor, I will ensure that these measures are implemented before September." He clarified that property taxes can be temporarily reduced through ordinances under the Local Tax Special Provisions Act.
Regarding price limits for high-value homes, Jung mentioned, "There will be a cap, but the specifics will be discussed immediately after the election among the newly elected district mayors."
* This article has been translated by AI.
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