Kim Yong-beom, head of the Presidential Policy Office, stated on July 27 that the government is in the process of refining its policies following the recent 'Real Estate Grand Debate.' He noted that the discussions highlighted many aspects that had not been previously considered, contributing to the government's policy formulation.
During an appearance on CBS Radio's 'Park Sung-tae's News Show,' Kim mentioned, "We are contemplating ways to appropriately incorporate various constructive opinions that emerged during the debate."
He elaborated on specific issues, saying, "There were diverse opinions on how to strengthen property taxes and what the criteria for high-value housing should be. We are gathering our thoughts on the standards for high-value housing."
Kim also discussed capital gains tax, mentioning suggestions to set limits on the long-term holding special deduction and to provide pathways for multiple homeowners to sell their properties if property taxes are increased. He added that there were constructive ideas aimed at alleviating the tax burden for those relocating to rural areas after retirement.
Regarding supply, he remarked, "The policies we have announced take a long time to implement, starting from land development. Therefore, the President is likely to hold a discussion to review all procedures to expedite the process."
Additionally, Kim expressed optimism about the upcoming adjustments to the single-stock leveraged exchange-traded fund (ETF) system, stating, "Since a significant portion will be implemented ahead of schedule starting on the 31st, we expect considerable effects. We will also consider additional measures if necessary based on the outcomes."
He addressed concerns that this product has been linked to increased volatility in the stock market, explaining, "The timing of this product's introduction coincided with heightened volatility in semiconductor stocks, making it more pronounced."
Kim added, "If the demand for AI, as highlighted by President Lee Jae-myung's AI declaration in San Francisco, continues to grow robustly, we hope to see reduced volatility and a positive trend develop."
On President Lee's recent meetings with major venture capital firms in Silicon Valley, Kim noted, "The six most active firms were all present. It was surprising to see them express increased interest in Korea, with some even indicating plans to establish offices here."
Meanwhile, Ha Jun-kyung, the Senior Secretary for Economic Growth, discussed property taxes on SBS Radio's 'Kim Tae-hyun's Political Show,' stating, "It is desirable to collect taxes at a socially appropriate level, but we must ensure that it does not undermine housing welfare. We plan to consider values such as housing welfare, social efficiency, and tax equity in our decisions."
Regarding measures for rental housing, he emphasized, "To effectively manage rental prices, we need to increase supply significantly. We are preparing for aspects that can be quickly supplied in the short term, and an announcement will be made soon."
During an appearance on CBS Radio's 'Park Sung-tae's News Show,' Kim mentioned, "We are contemplating ways to appropriately incorporate various constructive opinions that emerged during the debate."
He elaborated on specific issues, saying, "There were diverse opinions on how to strengthen property taxes and what the criteria for high-value housing should be. We are gathering our thoughts on the standards for high-value housing."
Kim also discussed capital gains tax, mentioning suggestions to set limits on the long-term holding special deduction and to provide pathways for multiple homeowners to sell their properties if property taxes are increased. He added that there were constructive ideas aimed at alleviating the tax burden for those relocating to rural areas after retirement.
Regarding supply, he remarked, "The policies we have announced take a long time to implement, starting from land development. Therefore, the President is likely to hold a discussion to review all procedures to expedite the process."
Additionally, Kim expressed optimism about the upcoming adjustments to the single-stock leveraged exchange-traded fund (ETF) system, stating, "Since a significant portion will be implemented ahead of schedule starting on the 31st, we expect considerable effects. We will also consider additional measures if necessary based on the outcomes."
He addressed concerns that this product has been linked to increased volatility in the stock market, explaining, "The timing of this product's introduction coincided with heightened volatility in semiconductor stocks, making it more pronounced."
Kim added, "If the demand for AI, as highlighted by President Lee Jae-myung's AI declaration in San Francisco, continues to grow robustly, we hope to see reduced volatility and a positive trend develop."
On President Lee's recent meetings with major venture capital firms in Silicon Valley, Kim noted, "The six most active firms were all present. It was surprising to see them express increased interest in Korea, with some even indicating plans to establish offices here."
Meanwhile, Ha Jun-kyung, the Senior Secretary for Economic Growth, discussed property taxes on SBS Radio's 'Kim Tae-hyun's Political Show,' stating, "It is desirable to collect taxes at a socially appropriate level, but we must ensure that it does not undermine housing welfare. We plan to consider values such as housing welfare, social efficiency, and tax equity in our decisions."
Regarding measures for rental housing, he emphasized, "To effectively manage rental prices, we need to increase supply significantly. We are preparing for aspects that can be quickly supplied in the short term, and an announcement will be made soon."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.