When one home isn't just a home: Korea weighs tax overhaul

Should someone who owns one ultra-expensive Seoul apartment receive more tax protection than a person with several modest homes in regional cities? And does owning only one property necessarily make it a home rather than an investment? Those questions are at the heart of what could become the biggest rethink of South Korea's property tax system in years. Long centered on the distinction between single-home and multiple-home owners, the system is now being reassessed around a different set of cri

By The Korea Herald