Tag: Real estate policy

Real estate policy

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Real estate needs more than political resolve (KOR)

Korea needs durable, consensus-based real estate institutions rather than housing policies that swing with each administration.

2026.7.27

Real estate needs more than political resolve

Korea needs durable, consensus-based real estate institutions rather than housing policies that swing with each administration.

2026.7.26

Korean property restrictions lifted in all areas but four

Real estate restrictions have been lifted in all areas except Seoul and Seongnam, Hannam and Gwangmyeong, all in Gyeonggi province. The adjustment comes as the number of transactions dropping and prices beginning to decline.

2022.11.10

Finance Minister Hong Nam-ki, center, speaks at a meeting on real estate at the government complex in Seoul on Thursday. [YONHAP]

Property disclosures will not be used for tax, Hong says

Under the third of three tenet protection laws passed last year, details about all rental or jeonse deals above a certain won amount will have to be registered, raising the possibility that the tax authorities could use it find hidden income.

2021.6.3

The role of the state

Human desire is the driving force of the capitalist economy. Adam Smith, founder of modern economics, advocated selfish desire. In the Wealth of Nation published in 1776, Smith wrote, “It is not from the benevolence of the...

2021.5.27

Harmful stigmatization

It is human nature to be envious of those with more possessions. One could feel bitter at a sibling or relative with a great fortune. Even the religious admit to envy. In his book “I Am a Better Person Than Perceived,” Father...

2020.8.26

Presidential Chief of Staff Noh Young-min, left, speaks with President Moon Jae-in at the Blue House Friday. Noh and five other senior presidential aides tendered their resignation that day. [YONHAP]

Six senior aides offer to resign, in latest Blue House shake-up

Presidential Chief of Staff Noh Young-min and five other senior Blue House aides tendered their resignations to President Moon Jae-in on Friday.

2020.8.7

Respect market principles

On Wednesday, Prime Minister Chung Sye-kyun ordered senior government officials to sell their “extra houses as quickly as possible.” If they own several apartments, the public will not have any reason to trust the liberal Moon...

2020.7.8

The land minister must resign

Land Minister Kim Hyun-mee, a third-term lawmaker, has been commanding the Moon Jae-in administration’s real estate policy for the past three years, ever since the launch of the liberal government. However, despite all policy...

2020.7.7

The land minister must resign (KOR)