Kim Min-seok: "Exceptions for Non-Resident Single-Home Owners Should Be Broadly Recognized"

[Anchor]

The Democratic Party and the government held a high-level consultative meeting today (the 23rd), the first of its kind since party leader Kim Min-seok took office. The main agenda items were the government's recently announced tax code revision and housing supply measures for the Seoul metropolitan area, with Party Leader Kim urging that "exceptions regarding the application for non-resident single-home owners should be recognized broadly."

Reporter Ha Jeongyeon has the details.

[Reporter]

The high-level consultative meeting was held this morning at the Prime Minister's official residence in Samcheong-dong.

This marked the first high-level party-government meeting since the launch of the Democratic Party's leadership under Kim Min-seok. Attendees included Prime Minister Han Sung-sook from the government, Presidential Chief of Staff Kang Hoon-shik from the presidential office, and Party Leader Kim, Floor Leader Han Byung-do, and Policy Committee Chair Kwon Chil-seung from the Democratic Party.

In his opening remarks, Party Leader Kim stated that the party, government, and presidential office will unite to ensure the success of the Lee Jae-myung administration while maintaining a sense of urgency and engaging in rigorous debate with the government.

He then expressed the opinion that modifications and supplements are needed for the government's tax code revision.

[Kim Min-seok / Democratic Party Leader: Regarding non-resident single-home owners, I believe that various inevitable real-world reasons for non-residency should be broadly recognized so that there are no blind spots.]

Party Leader Kim also pointed out that thorough deliberation is required regarding adjustments to the basic deduction for non-resident single-home owners concerning the comprehensive real estate holding tax.

In response, Prime Minister Han and Chief of Staff Kang replied that they will fully gather public opinions.

[Han Sung-sook / Prime Minister: Since tax reform and real estate issues are matters of high public interest and impact, I agree with the party leader that we must examine them meticulously and approach them sophisticatedly together.]

[Kang Hoon-shik / Presidential Chief of Staff: Today's gathering is arranged to share precious opinions from the public heard by the party, government, and the presidential office, and to discuss how the tax revision plan can be finalized into a more rational policy.]

Meanwhile, ruling party lawmakers, particularly those representing constituencies in Seoul, have previously expressed concern over the potential negative impact of the tax revision on upcoming elections. Party Leader Kim has also publicly voiced opinions favoring revisions, such as opposing the abolition of the special long-term holding deduction for non-resident single-home owners during the party convention process.

Regarding housing supply measures for the Seoul metropolitan area, the party and government also shared the consensus on the importance of securing land sites for a swift expansion of supply.

(Video Reported by Cho Choon-dong | Video Edited by Oh Young-taek)
※ Please note: This article was translated by AI and may contain errors.