Land Minister Signals Real Estate Unearned Gains Shift via Finance, Tax, Supply Redesign

Minister of Land, Infrastructure and Transport Kim Yoon-duk said on the 10th that the government will respond to unearned real estate gains by fully redesigning economic incentives, including finance, taxation and supply. The core of the remarks is a policy shift aimed at changing the structure through which unearned gains arise in the property market. By referring to finance, tax and supply together, Kim stressed the need to adjust how economic incentives affect the market. The message suggests that real estate policy could focus on a broad institutional redesign rather than a single regulation. Markets are expected to watch how the government specifies measures in finance, taxation and supply. Source: yna.co.kr