In an exclusive, Chosun Ilbo reported the government is examining reducing the deduction for owner-occupier single-home owners above a set amount for expensive properties.

The current deduction cuts tax sharply the longer one lives in a home; limiting it for pricey homes could raise the relative burden on high-end owners.

The government is said to be weighing fairness, revenue and protection of genuine demand in property taxation.

It is not finalized; the exact threshold and effective date need further discussion.

Sinophone Bridge Times sees a tax change as neither punishment nor favor for any class; when rules change, our role is to report the rationale and impact as they are.