People Power Demands Yongbum Kim Quit Over 2 Real Estate Tax Hike Proposals
Updated
Updated · 매일경제 · Jun 21
People Power Demands Yongbum Kim Quit Over 2 Real Estate Tax Hike Proposals
1 articles · Updated · 매일경제 · Jun 21
Summary
People Power on June 21 called for Blue House policy chief Yongbum Kim to resign, saying his push to adjust property holding and capital gains taxes exposed a post-election tax-hike agenda.
Kim had written on Facebook that semiconductor-boom money could spill into property speculation and that reasonably adjusting the two taxes was necessary to keep growth gains from concentrating in real estate.
Senior spokesman Choi Bo-yoon said the proposal would hit household wallets, fuel speculation rather than calm the market, and signal that money could rush into favored areas in the second half.
Party figures including lawmaker Kim Jae-seop argued Seoul-area housing pressure stems from supply failures, not taxes, and cast the idea as a return to Moon-era punitive real estate policy.