Blue House Comments on Potential Tax Revisions Amid Party Requests

by Kim Bongcheol Posted : August 24, 2026, 17:32Updated : August 24, 2026, 17:32

The Blue House stated on August 24 that there have been no specific discussions or reports to the president regarding potential revisions to tax reform plans, including easing the tax burden on non-resident homeowners and comprehensive real estate taxes.


Chief Spokesperson Kang Yu-jung addressed related questions during a briefing at the Blue House, saying, "There is still no response regarding tax matters."


Kang explained that the government is currently in a phase of confirming the Democratic Party's positions and requests during discussions between the party, government, and the Blue House.


She added, "No discussions have taken place, nor has there been a report to the president. We are merely at a stage of confirming the party's stance and requests."


According to the Democratic Party, proposed amendments include reverting the basic deduction for non-resident homeowners from the government's suggested 900 million won to the current 1.2 billion won, or raising it to 1.4 billion won, similar to that of actual residents.


Initially, the comprehensive real estate tax rate was set to increase the upper limit of the tax burden from the current 150% to 200%, but there are now calls to maintain it at 150%.





* This article has been translated by AI.