Hong Nam-ki: "No Plans to Ease Capital Gains Tax for Multi-Homeowners"

Economic Sector Questions at the National Assembly Plenary Session on the 15th

Hong Nam-ki, Deputy Prime Minister for Economy, attended the government economic questioning session held at the National Assembly plenary session on the 15th and responded to the lawmakers' questions. Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Jang Sehee] Hong Nam-ki, Deputy Prime Minister and Minister of Economy and Finance, stated on the 15th, "There is absolutely no plan to ease capital gains tax for multi-homeowners."

During the economic sector questioning session at the National Assembly plenary meeting that day, Hong responded to a question from Park Jung of the Democratic Party, who asked, "Even if capital gains tax for multi-homeowners is eased, it is doubtful whether they will put their houses on the market."

Hong emphasized, "There are many differing opinions on whether easing capital gains tax for multi-homeowners would actually increase or decrease the supply of properties," adding, "The general assessment is that the effect of easing capital gains tax on increasing the supply is highly uncertain."

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