Democratic Party MP Lee Eun-ju criticized the government’s recently proposed real estate tax overhaul, arguing it will negatively impact both rental and sale prices. She believes the changes will disrupt housing stability and necessitate a thorough re-examination. Lee contends the plan fails to address core issues and could exacerbate existing housing affordability challenges. The revision, she suggests, will inadvertently drive up costs for both renters and buyers, contradicting stated goals. She urged a more precise and considered approach to avoid unintended consequences within the housing market. Lee’s comments highlight growing concerns within the ruling party regarding the effectiveness and potential repercussions of the tax adjustments. She called for further discussion and refinement of the policy.

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