Tax revision meant to 'punish' homeowners

People Power Party whip Rep. Jeong Jeom-sig on Tuesday slammed the Lee Jae Myung administration over a recent property tax revision, claiming it penalizes homeowners. Calling Monday's tax code adjustment a "tax bomb," Jeong claimed that the tax burden on homeowners has become heavier, while the burden on those willing to sell remains high. "This is virtually a punitive tax," Jeong said on his Facebook Tuesday, adding Monday's tax hike will lead to an increase in rent as tenants will end up being

By The Korea Herald