Candidate Kang Tae-woong "Raising the Housing Price Threshold for Comprehensive Real Estate Tax"

Yongsan's Kang Tae-woong and Other Democratic Party Candidates Promise 'Reduction of Comprehensive Real Estate Tax Burden for Single-Homeowners'... Follow Government Real Estate Policy While Suggesting Improvements

[Asia Economy Reporter Park Jong-il] The Democratic Party candidates running in areas with relatively high housing prices such as Yongsan and Gangnam in Seoul have promised to reduce the comprehensive real estate holding tax (종합부동산세, 종부세) burden on single-homeowners.

On the morning of the 27th, Kang Tae-woong, the Yongsan candidate (former Seoul City Administrative Deputy Mayor), and others held a press conference at the National Assembly Communication Office briefing room, stating, "The 종부세 is a system to curb real estate speculation and stabilize prices, but imposing excessive 종부세 on single-homeowners does not align with the law's intent."

They added, "The Constitutional Court's precedent also decided that exceptions or adjustment measures should be provided for long-term holders of a single home for residential purposes and those without income," arguing that 종부세 reductions for single-homeowners without speculative intent should be strengthened.

They emphasized that they are not opposing real estate policies. Candidate Choi Jae-sung said about the three promises, "They clearly recognize the government's real estate policy direction while accurately identifying blind spots that need supplementation."

Kang Tae-woong, the Yongsan candidate who attended the press conference, stated, "Tax policies that do not consider the tax burden rate need improvement," and "It is necessary to distinguish those who can actually bear the tax burden."

He also expressed the opinion that "It is necessary to understand the reality of housing ownership and profits, promote tax policies accordingly, maintain the government's real estate policy direction, and strengthen it more realistically."

The promises presented by the candidates through the press conference include △ 종부세 reductions for single-homeowners △ complete exemption of 종부세 for long-term actual residents △ raising the housing price threshold for 종부세 targets △ abolishing the upper limit on housing pension subscription criteria.

At the press conference held at the National Assembly that day, candidates Kang Tae-woong from Yongsan, Kim Seong-gon (Gangnam Gap), Kim Han-gyu (Gangnam Byeong), Lee Jeong-geun (Seocho Gap), Park Kyung-mi (Seocho Eul), Jo Jae-hee (Songpa Gap), Choi Jae-sung (Songpa Eul), Hwang Hee (Yangcheon Gap) from Seoul, and Kim Byung-kwan (Bundang Gap), Kim Byung-wook (Bundang Eul) from Gyeonggi Province attended.

This content was produced with the assistance of AI translation services.