Lee says property holding tax should be tripled, but would face riot-like backlash
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Source: The Korea Herald
Published: 2026-07-23 19:19 UTC+10:00
Section: All News
Factuality Score: 100
Opinion Category: Neutral
Topics: Asia, South Korea, Tax & Budget, Property & Housing, World News, Asia Pacific
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Snippet:
President Lee Jae Myung said Thursday that Korea would need to triple its property holding tax rate to meet levels in other advanced economies, but warned that such a sharp increase would face strong public resistance.
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