Winning the general election at any cost… Democratic Party haphazardly reverses policies

Winning the general election at any cost… Democratic Party haphazardly reverses policies
DP demands unification of Comprehensive Real Estate Tax at 1.4 billion KRW regardless of residency
Requesting further revisions despite having already been amended once
Opinion shifts from total abolition of Special Deduction for Long-term Holding to "partial adjustment"
Fourth delay in crypto taxation... starting from the Framework Act
An illustration drawn by Gemini.
The Democratic Party of Korea is successively reversing already announced tax policies, such as the Comprehensive Real Estate Tax (종부세), Special Deduction for Long-term Holding (장특공제), and virtual asset taxation. This is interpreted as a strategic move to capture the votes of Seoul residents and the youth in the 2028 general election. However, analysts suggest that repeatedly changing announced policies could undermine trust in government policy and lead to a loss of support.
According to political circles on the 10th, the Democratic Party is demanding that the government unify the basic deduction threshold for the Comprehensive Real Estate Tax at 1.4 billion KRW in housing value, regardless of whether the owner resides in the property. This opinion was raised during the high-level party-government consultative meeting held on the 8th, and the following day, Rep. Kim Young-bae, chairman of the Seoul City Party, added support, stating, "A uniform basic deduction for the Comprehensive Real Estate Tax is preferable." This appears to be an attempt to find a breakthrough by lowering the tax burden as public opinion toward the government and the ruling party worsens due to backlash against real estate policies.
https://n.news.naver.com/mnews/article/029/0003058234?sid=100