President Lee: No Tolerance for Illegal Real Estate Speculation and Tax Evasion

President Lee Jae-myung emphasized on June 1 that "illegal real estate speculation and tax evasion can no longer be tolerated," asserting that the nation will escape from a "disastrous real estate income republic."

The president made these remarks while sharing an article on his X (formerly Twitter) account about the ongoing reports to the National Tax Service's reporting center aimed at eradicating tax evasion related to real estate.

According to the article, the National Tax Service has received 780 reports of tax evasion allegations since the center's launch five months ago, with 81% of these cases concentrated in Seoul, Gyeonggi, and Incheon, as analyzed by the office of lawmaker Cha Kyu-geun from the Planning and Finance Committee.

In January, during the center's initial month, 291 reports—37% of the total—were submitted, reflecting a surge of accumulated tips following the announcement of the center's establishment.

The center was established in November of last year to detect tax evasion practices, including illegal gifting, ownership under false names, and the use of false contracts.

As various tax-saving techniques have been shared through online communities and social media, tax evasion methods have become increasingly sophisticated, prompting the government to actively utilize public reports.

Under this system, whistleblowers who provide significant evidence leading to the recovery of over 50 million won in taxes may receive rewards of up to 4 billion won, depending on the amount of tax evaded.