Property summit

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Property summit

 
Heads of five local governments meet to discuss the issue of government assessed values of real estate, from which property taxes are calculated, at Seoul City Hall on Sunday. The central government increased the assessed values steeply, leading to property tax increases. The five are from the main opposition People Power Party. From left, Jeju Governor Won Hee-ryong, Busan Mayor Park Heong-joon, Seoul Mayor Oh Se-hoon, North Gyeongsang Governor Lee Cheol-woo and Daegu Mayor Kwon Young-jin. [YONHAP]

Heads of five local governments meet to discuss the issue of government assessed values of real estate, from which property taxes are calculated, at Seoul City Hall on Sunday. The central government increased the assessed values steeply, leading to property tax increases. The five are from the main opposition People Power Party. From left, Jeju Governor Won Hee-ryong, Busan Mayor Park Heong-joon, Seoul Mayor Oh Se-hoon, North Gyeongsang Governor Lee Cheol-woo and Daegu Mayor Kwon Young-jin. [YONHAP]

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