"Prior Announcement Followed by Discussions Sparks Backlash"… "Some Exceptions for Non-Residents to Be Expanded"

[Anchor]

The legislative notice period for the government's real estate tax reform proposals concluded yesterday (the 20th). Appearing at the National Assembly, Deputy Prime Minister for Economic Affairs Koo Yun-cheol stated that after listening to various criticisms, the government will make supplements to ensure there is no inconvenience to the public.

Reporter Kim Bo-mi has the details.

[Reporter]

At the plenary session of the National Assembly's Strategy and Finance Committee held yesterday, with the People Power Party absent amid operational conflicts within standing committees,

criticism emerged even from within the ruling party that it was problematic for the government to announce the tax reform plan first and seek supplementary measures afterward.

[Moon Jin-seok / Democratic Party of Korea lawmaker: You announce things first and say you will consult with the National Assembly's standing committees later isn't that precisely why there is a public backlash?]

[Park Hong-keun / Minister of Planning and Budget: I naturally agree on the necessity of communication.]

An opposition lawmaker criticized that heavier tax burdens on "non-resident single-home owners" would drive up jeonse (lump-sum housing deposit) and monthly rent prices,

[Lee Jun-seok / Reform Party lawmaker: Since actual residents will try to move in, jeonse supplies will completely dry up. If you make policies without predicting this, everyone should pack up and leave.]

Arguments were also raised that multi-home owners would seek to dispose of provincial housing first to ease their tax burdens, meaning attempts to rein in housing prices in Gangnam, Seoul, would end up backfiring on regional areas.

[Lee Choon-seok / Independent lawmaker: They are dumping their provincial homes. Gyeongbuk ranks first in the increase rate of apartment listings. Isn't this like burning down the whole house just to catch a bedbug?]

Regarding regulations on "non-resident single-home owners," Deputy Prime Minister for Economic Affairs Koo Yun-cheol stated that there were many requests to further expand grounds for recognizing exceptions for non-residence, and that the government plans to partially accept them.

[Koo Yun-cheol / Deputy Prime Minister and Minister of Strategy and Finance: If there are truly unavoidable reasons for non-residence during the implementation process, we will ensure there is no inconvenience to the public...]

As the legislative notice for the tax reform plan wrapped up yesterday, the government and the ruling party will enter further coordination through a high-level party-government consultation meeting on the 23rd.

(Photo: Yonhap News)
(Reported by Lee Seung-hwan and Shin Dong-hwan | Video Editing by Park Sun-su)
※ Please note: This article was translated by AI and may contain errors.