AtrásSouth Korean Presidential Official Forecasts Slower Housing Price Growth

NOTICIA

Yonhap News4/5/2026BusinessSouth Korea

South Korean Presidential Official Forecasts Slower Housing Price Growth

Policy shift regarding tax benefits for multiple-home owners expected to stabilize market

housing market real estate taxes

En resumen

The South Korean government expects a slowdown in housing price growth as tax exemptions for multiple-home owners expire.
Officials report increased listings and cooling prices in affluent Seoul districts like Gangnam.

Resumen generado por IA

Tamaño de fuente

The South Korean government expects a slowdown in housing price growth as tax exemptions for multiple-home owners expire. Officials report increased listings and cooling prices in affluent Seoul districts like Gangnam.

Read the full article on Yonhap News

Temas relacionados

housing market

Temasreal estate taxes seoul gangnam kim yong-beom lee jae myung

This article was originally published by Yonhap News.

Noticias relacionadas

Más sobre este temahousing market

Business·hace 14 horas

US Small Businesses Sue Over New Tariffs on Dozens of Trading Partners

Two US small businesses sue the Trump administration over new tariffs (up to 12.5%) on 60 economies, including South Korea, citing arbitrary imposition without clear rationale to address forced labor concerns.

Yonhap News

2 min de lectura

Business·hace 19 horas

SK Group chairman ordered to pay 944 billion won in property division to ex-wife

An appellate court ordered SK Group Chairman Chey Tae-won to pay 944 billion won to his former wife in a divorce-related property division case. The court also left intact the 2 billion won alimony payment.

Yonhap News

1 min de lectura

En desarrollo·ayer

South Korean Food Makers Raise Prices Amid Middle East Tensions, Won Depreciation

South Korean food and confectionery companies, including Nongshim, CJ Foodville, and BR Korea, are raising product prices by 5.8% to 6.5% due to increased costs from the Korean won's depreciation and rising oil prices linked to Middle East tensions.

Yonhap News

1 min de lectura

Business·ayer

Samsung Heavy Industries Reports 4.9% Rise in Q2 Net Profit

Samsung Heavy Industries Co. announced a 4.9% increase in its second-quarter net profit, reaching 222.8 billion won, driven by higher-margin vessels like LNG carriers and enhanced productivity. Operating profit surged 58.7%, and sales rose 20.4%. The company plans to integrate digital, AI, and robotics technologies for future growth.

Yonhap News

1 min de lectura

ÚLTIMA HORA·ayer

Seoul Stocks Plummet Nearly 6% Amid Middle East Tensions, Chip Outlook Concerns

Seoul stocks plunged nearly 6% on Friday, ending a three-day winning streak, as escalating Middle East tensions and a bearish outlook for the semiconductor sector sapped risk appetite. The KOSPI's sharp decline triggered a five-minute trading suspension.

Yonhap News

2 min de lectura

Business·ayer

Woori Financial Group Reports 7.4% Rise in Q2 Net Profit

Woori Financial Group announced a 7.4% increase in its second-quarter net profit to 1 trillion won (US$682 million), driven by rises in both interest and non-interest income. This also marks a 66% rise from the previous quarter.

Yonhap News

1 min de lectura

Más sobre este temahousing market