S. Korea releases tougher real estate measures to curb speculative investment
  • 4 years ago
부동산 '갭 투자' 규제 강화…법인 종부세 대폭 인상

The South Korean government has unveiled additional measures to cool the country's overheating real estate market... including tax hikes and stricter loan regulations.
Kim Dami has the details.
To tame South Korea's soaring house prices, the government will further tighten lending rules and designate more areas for tougher regulations.
"We've prepared the latest measures to prevent speculative investment and to protect those who buy houses for actual dwelling purposes."
To counter speculative investors, the government has classified more areas as speculative regions.
They include 17 areas in Gyeonggi-do Province, Incheon and Daejeon.
In addition, almost all of Gyeonggi-do Province, Incheon, Daejeon and Cheongju will now be regulated.
Applying for mortgage loans will become even more difficult.
In order to get loans in speculative areas, the buyer must sell their current home and move into their new home within six months.
The government will also curb corporate speculation by improving measures related to corporate loans.
While closely monitoring the real estate market, the South Korean government has vowed to actively cope with market uncertainties.
Kim Dami, Arirang News.
Recommended