Morning Wide: Today's Major News

1. Comprehensive Real Estate Holding Tax Goes Up for Non-Residents and Ultra-High-Priced Homes... "Holding" Deductions to Be Eliminated

Starting next year, the comprehensive real estate holding tax for expensive single-family homes, the so-called "one smart home," will increase significantly, and the holding tax deduction for single homeowners who do not reside in their properties will be reduced to 900 million won. The holding deduction portion of the long-term holding special deduction will be gradually phased out by 2029, and a cap will be set on the deduction amount, which previously had no limit.

2. First Severe Heat Wave Warning Issued for Capital Area... Blackouts Reported in Various Places

As extreme heat moved westward, the first severe heat wave warning was issued for parts of Seoul and Gyeonggi Province. Due to the scorching heat, electricity consumption increased, leading to power outages in various parts of the capital area.

3. Trump Says "In Talks With Iran, Last Chance"... Iran Denies

U.S. President Donald Trump claimed that talks are underway with Iran. Iran has denied any negotiations with the United States.

4. Democratic Party Holds Public Briefing... People Power Party Demands Presidential Veto

The Democratic Party held a public briefing regarding the Criminal Procedure Act amendment and explained follow-up measures. The People Power Party strongly urged the president to exercise veto power, claiming that the rule of law has received a death sentence.
※ Please note: This article was translated by AI and may contain errors.