Korea tax overhaul rewards resident homeowners, targets multiple properties

South Korea unveiled its 2026 tax reform package Monday, proposing lower housing taxes for most single-home owner-occupiers but heavier burdens on expensive, rented-out and multiple properties. The package also raises the optional flat tax rate for foreign workers and introduces production-based incentives for strategic industries. "This year's tax reform focuses on supporting sustainable economic growth and livelihood stability through the tax system," Deputy Prime Minister and Finance Minister

By The Korea Herald