(EDITORIAL from The Korea Herald on June 24) (opens original article in a new tab)

The Korean government is considering real estate tax increases to address housing market concerns, but experts argue that expanding housing supply is more critical than taxation. Key points include the administration's focus on real estate taxes amid a housing supply shortage, rising apartment prices in southern Gyeonggi Province, and a significant drop in apartment move-ins compared to 2022.

• The Lee administration considers tightening real estate taxes amid Korea's housing supply shortage
• Rising apartment prices in southern Gyeonggi Province linked to semiconductor industry bonuses and asset values
• Apartment move-ins this year projected to be 40% below 2022 levels in Korea