President Lee Jae Myung, 23advance notice of issues for the real estate grand debate

President Lee Jae Myung will directly chair the public grand debate on real estate policy on 23. At the president's direction, key issues will be announced to the public in advance of the debate.

The issues the president ordered to be announced in advance include the appropriate level of holding taxes, whether differentiated application should be made to owner-occupied 1 homes and nonresidential and multiple-home properties, separate treatment of ultra-high-value owner-occupied homes, criteria for additional charges on ultra-high-value homes, the relationship between holding and transaction taxes, and the uses of holding-tax revenue.

President Lee posted on X on 10 and asked the public to submit opinions on the key issues as well. The Blue House said it would operate an online public feedback channel so that anyone could submit opinions regardless of time or location.

The Blue House said that the overall real estate policy, including supply, finance and taxation, had been designated for discussion. It also said it would pursue a review of reasonable improvements to holding and transaction taxes.

Kim Yong-beom, the Blue House chief of policy, said at a briefing that the opinions received would be faithfully reflected in discussions at the forum and in the policy review process.

The government is currently pursuing the announcement of a comprehensive real estate package this month. The forum was described as an opportunity for public discussion ahead of that announcement.

Meanwhile, President Lee9attended the Korea-Mongolia Business Forum during a state visit to Mongolia and emphasized the need for cooperation in the critical minerals sector.