President Yoon Suk Yeol will host a large-scale forum today with 140 participants, including citizens, experts, and key government officials, to discuss the direction of real estate policies, including housing supply, lending regulations, and tax reforms.
According to the Blue House, the 'National Real Estate Policy Forum' will take place from 10 a.m. for 100 minutes.
The forum is designed to gather diverse opinions, comprising 35 government officials, 30 experts, and 75 citizen participants.
Notable government attendees include Prime Minister Han Duck-soo, Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol, Minister of the Interior and Safety Yoon Ho-joong, Minister of Land, Infrastructure and Transport Kim Hyun-duk, and Financial Services Commission Chairman Lee Ok-won.
The government is expected to incorporate the forum's outcomes into a final tax reform proposal, which could be announced as early as the end of this month.
The expert group includes market specialists such as professors and journalists, while the citizen representatives consist of YouTubers, members and administrators of real estate and parenting cafes, real estate agents, financial institution employees, and representatives from civic and youth organizations, along with 29 individuals who submitted opinions online.
The forum will begin with a report on public opinion collected by the Ministry of Economy and Finance, followed by presentations of key issues from experts in supply, finance, and taxation. The discussions will also include insights from real estate forums held by various ministries from July 14 to 16 and thousands of public opinions received through an online platform over the past week.
Previously, President Yoon highlighted key issues for discussion on social media, including appropriate levels of property tax, the relationship with transaction taxes, the use of property tax revenue, and the potential for differential taxation based on residency status and property value.
During a Cabinet meeting on July 21, President Yoon emphasized that the real estate issue is one of the most serious challenges facing society.
* This article has been translated by AI.
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