Seoul Realtors Post Notices on Looming Capital Gains Tax Hike

Finance|
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By Cho Tae-hyung
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Capital gains tax surcharge deferral notice posted at a licensed real estate agency office - Seoul Economic Daily Finance News from South Korea
Capital gains tax surcharge deferral notice posted at a licensed real estate agency office

A notice regarding the expiration of the capital gains tax surcharge deferral for multiple homeowners is displayed at a real estate agency in Songpa-gu, Seoul, on Feb. 9. The government has reaffirmed that the tax relief measure will end on May 9, prompting a wave of distressed apartment sales to hit the market.

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AI-translated from Korean. Quotes from foreign sources are based on Korean-language reports and may not reflect exact original wording.