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alltransline 2011-12-08 20:14:46
제 목 Korea to cut housing transfer taxes, ease regulations
The government plans to lower capital gains taxes on home transactions for multiple homeowners and ease regulations on apartment redevelopment in affluent southern Seoul as it strives to prevent a sluggish real estate market from dragging down the economy.

Officials on Wednesday rolled out a package of measures to rejuvenate housing transactions which also include more support for cash-strapped construction firms and low-income earners.

The government will submit related bills to the National Assembly soon aiming to implement the measures next year. Parliamentary and presidential elections are slated for April and December.
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