South Korea's Ministry of Finance and Economy announced the “2026 Tax Reform Bill” on the 3rd to carry out drastic reforms to the real estate tax system, including comprehensive real estate tax, in an effort to return the property market to normal and reasonable housing prices. This is the first time since December 2022 that the real estate tax system has been reformed. It is also the first time since December 2022 that the comprehensive real estate tax system has undergone major adjustments. According to the reform bill, the comprehensive real estate tax standard was changed from the number of houses owned to the value of the property held, and the upper limit of the tax burden rate was raised from the current 150% to 200%.

South Korea's Ministry of Finance and Economy announced the “2026 Tax Reform Bill” on the 3rd to carry out drastic reforms to the real estate tax system, including comprehensive real estate tax, in an effort to return the property market to normal and reasonable housing prices. This is the first time since December 2022 that the real estate tax system has been reformed. It is also the first time since December 2022 that the comprehensive real estate tax system has undergone major adjustments. According to the reform bill, the comprehensive real estate tax standard was changed from the number of houses owned to the value of the property held, and the upper limit of the tax burden rate was raised from the current 150% to 200%.