The government and the ruling Democratic Party of Korea agreed Sunday to relax a proposed tax revision affecting single-home owners who do not live in their property. The consensus came at a high-level policy coordination meeting after Kim Min-seok was elected DPK leader last Monday. They also agreed to pursue a revision allowing local government chiefs to issue construction permits for residential complexes of up to 500 units.
Prime Minister Han Seong-sook, left, ruling Democratic Party of Korea leader Kim Min-seok, center, and presidential chief of staff Kang Hoon-sik, right, attend a consultative meeting of senior party and government officials at the prime minister's residence in Seoul, Sunday. Yonhap
The government and the ruling Democratic Party of Korea (DPK) shared a consensus Sunday on the need to relax a proposed tax revision that could hurt single-home owners not living in the property, a party spokesperson said.
The consensus was reached during a high-level policy coordination meeting held for the first time since last Monday's election of former Prime Minister Kim Min-seok as DPK leader.
"A consensus was formed between the party and the government on various opinions, such as expanding residency recognition for people who do not live in their property for inevitable reasons," DPK senior spokesperson Park Sung-joon said at a press briefing at the National Assembly after the meeting.
