Yoon Seok-yeol Faces Public Criticism Over 'Reconsidering Comprehensive Real Estate Tax' Remarks
"Reducing the Tax Would Make Those Who Sold Multiple Homes Look Foolish"
"Most Paying the Tax Are Actually Envied"

Comedian-turned-politician Kang Sung-beom rebutted Yoon Seok-yeol, the People Power Party's presidential candidate, regarding his proposal to 'reexamine the comprehensive real estate tax.' / Photo by Kang Sung-beom TV YouTube channel capture

Comedian-turned-politician Kang Sung-beom rebutted Yoon Seok-yeol, the People Power Party's presidential candidate, regarding his proposal to 'reexamine the comprehensive real estate tax.' / Photo by Kang Sung-beom TV YouTube channel capture

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[Asia Economy Reporter Lim Juhyung] Comedian Kang Seongbeom criticized Yoon Seok-yeol, the People Power Party's presidential candidate, for emphasizing that "there will be no worries about a comprehensive real estate tax (종부세) bomb next year" while criticizing the Moon Jae-in administration's real estate policy, saying, "It seems Yoon doesn't know what a bomb is because he didn't serve in the military."


On the 22nd, Kang said in a video posted on his YouTube channel 'Kang Seongbeom TV', "(Yoon) should visit a military base and watch a bomb explode at least once."


Earlier, on the 14th, Yoon wrote on his Facebook, "If I become president, I will fully review the 종부세," adding, "For those subject to the 종부세, it inevitably feels like a 'tax bomb.' Especially among one-home owners, there are elderly people with little income."


As specific measures, he explained, "I will consider lowering the capital gains tax rate, slowing the increase in official property prices, and introducing a system to defer (capital gains tax) payment for one-household one-home owners until they sell or inherit," and "In the mid to long term, I will also consider integrating the 종부세 into the property tax or exempting one-home owners."


In response, Kang pointed out, "The 기준 시가 (standard market price) for 종부세 is 2 billion KRW, but the actual price is 2.5 to 2.6 billion KRW. Isn't that enough to pay taxes? Of course, those who pay will be annoyed, but calling it a bomb amplifies that annoyance. Politicians exploit such feelings."


Yoon Seok-yeol, People Power Party Presidential Candidate / Photo by Yonhap News

Yoon Seok-yeol, People Power Party Presidential Candidate / Photo by Yonhap News

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He continued, "I agree that the 종부세 for one-home owners should be further reduced," but argued, "It cannot be reconsidered immediately because it would be unfair." He explained that the government had announced plans to raise the 종부세 for multi-home owners, and suddenly reversing the policy would be unfair to households that have been disposing of homes.


He emphasized, "People who sold expensive homes out of fear of rising taxes and disposed of multiple homes would become fools," adding, "It's the same as those who believed the government's message not to buy homes and ended up being fools."


Kang claimed, "Those who now pay a lot of taxes know that 'if you have an expensive home, you get taxed,' and 'if you have multiple homes, you get taxed more.' Still, they kept them and their wealth increased significantly," adding, "Many changed ownership to their spouses or gifted to their children to reduce taxes in advance. Among them, some may feel unfair, but the vast majority are envied."


He then criticized, "So what's a bomb about that? It was already announced, and there was a way to avoid (sudden tax hikes). A bomb is something that explodes suddenly."



He concluded, "I understand why those with expensive homes or multiple homes support the People Power Party," but urged, "Those who think 'this government raised house prices, so we need to change the regime' should think again."


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

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