Kim Tae-nyeon "Will promptly advance follow-up legislation after 6.17... Strengthening comprehensive real estate tax rates for multi-homeowners"

Kim Tae-nyeon, floor leader of the Democratic Party of Korea, is attending the Supreme Council meeting held at the National Assembly on the 6th and delivering a speech. Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Wondara] Kim Tae-nyeon, the floor leader of the Democratic Party of Korea, announced that he will swiftly push forward legislation to strengthen the comprehensive real estate tax rates for multi-homeowners. Lee Hae-chan, the leader of the Democratic Party, urged in a closed-door Supreme Council meeting that "more focus should be placed on apartment speculation forces."

In his opening remarks at the Supreme Council meeting held at the National Assembly on the morning of the 6th, Floor Leader Kim said, "We will promptly advance the necessary legislation to stabilize housing prices," adding, "We will swiftly push forward follow-up legislation to the June 17 measures to strengthen the comprehensive real estate tax rates for multi-homeowners."

He continued, "We will thoroughly review processes to enhance the effectiveness of the comprehensive real estate tax rates, including reducing various deductions," and said, "We will comprehensively supplement supply measures to help genuine buyers secure their own homes."

Kang Hoon-sik, the senior spokesperson for the Democratic Party, told reporters after the Supreme Council meeting, "There was a discussion related to real estate measures in today's closed meeting," adding, "Leader Lee said efforts must be made to ensure that real estate measures take root effectively."

He added, "He said more focus should be placed on apartment speculation forces," and "He requested that the government firmly crack down on gap investment speculation and announce measures that increase opportunities for newlyweds and first-time homebuyers to secure their own homes."

When asked whether the plan includes raising tax rates that were discarded in their 20s, Spokesperson Kang said, "I understand that such directions are being discussed by the government side, but the party is not discussing them," adding, "We are focusing on the three pillars of the December 16 and June 17 measures and the report submitted to the president on June 25."

Regarding the list of multi-homeowners within the party, he said, "More information will likely come out when the high-ranking public officials' asset disclosures are released at the end of this month," adding, "During the last general election, there was a principle to dispose of multi-homes within two years, and we are now establishing concrete implementation plans."

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