Korea tax overhaul rewards resident homeowners, targets multiple properties

South Korea unveiled its 2026 tax reform package Monday, proposing lower housing taxes for most single-home owner-occupiers but heavier burdens on expensive, rented-out and multiple properties. The package also raises the optional flat tax rate for foreign workers and introduces production-based incentives for strategic industries. "This year's tax reform focuses on supporting sustainable economic growth and livelihood stability through the tax system," Deputy Prime Minister and Finance Minister