President Lee Jae-myung announced on July 10 that he will personally preside over a 'Real Estate Forum' on the 23rd, directing relevant ministries and Blue House aides to identify and announce key issues in advance.
In a post on X (formerly Twitter), President Lee shared the announcement of the forum's schedule.
He highlighted several key issues, including the appropriate holding tax for real estate, whether to differentiate between primary residences and non-residential or multiple properties, and if so, what the appropriate thresholds should be. He also raised questions about how to handle ultra-high-value primary residences, the criteria for additional burdens on such properties, the relationship between holding taxes and transaction taxes, and the intended use of holding tax revenues.
“Providing advance notice of key issues will help facilitate public discussion,” he stated, encouraging citizens to share their opinions on these matters.
According to the Blue House, from July 14 to 16, the Ministry of Land, Infrastructure and Transport, the Financial Services Commission, and the Ministry of Economy and Finance will hold public discussions on supply, finance, and taxation to gather expert and public opinions.
On the 23rd, President Lee will lead the forum to discuss future policy directions based on the feedback gathered from the individual discussions.
* This article has been translated by AI.
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