Kim Yong-beom, Senior Secretary to the President for Policy, described the current South Korean economic situation as “unprecedentedly prosperous.” He indicated potential adjustments to property taxes, specifically referencing acquisition and transfer taxes, as the real estate market shows signs of activity linked to the economic upswing. The comments suggest a possible shift in policy to manage potential instability in the housing market fueled by the strong economic performance. Kim emphasized the need to normalize property taxation alongside ongoing economic growth. This assessment comes as South Korea experiences a period of robust economic expansion, prompting discussions about maintaining market stability. Further details regarding the scope and timing of any tax adjustments were not immediately available. The policy chief’s remarks signal a proactive approach to addressing potential risks associated with a booming economy and a potentially reactive real estate sector.