[Hong Sa-hoon's Economic Show] Ahn Yu-hwa & Hong Chun-wook - The Chinese economy is not visible!! The Chinese economy is rotting inside.. If the US raises interest rates, the detonator will explode right away!! KBS 210318 broadcast
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March 18, 2020 [Hong Sa-hoon's Economic Show] KBS 1Radio FM 97.3MHz Mon-Fri 16:05-16:54 Guest: Ahn Yu-hwa, Professor, Sungkyunkwan University Graduate School of Chinese Studies, Dr. Hong Chun-wook (EAR Research Representative) As housing prices rose significantly last year, the publicly announced land prices naturally followed suit. Because of this, the media is reporting incorrectly that an unprecedented tax bomb is coming, as I said in the opening the day before yesterday. Since the media's distorted reporting continues, I need to say a few more things today. Some economic newspapers even used the word "tax collector," which refers to officials who collect taxes harshly or steal people's property, right? I'll tell you the facts again. The property tax is not going up for all apartments, but only apartments with a public notice price of 600 million won or an actual transaction price of over 900 million won will go up. Apartments under 900 million won will actually see a decrease compared to last year because they are subject to a special tax rate. So how many apartments over 900 million won will see their property tax go up? It is exactly 8% nationwide. In Seoul, of course, it is around 30%, but nationwide, only 8% of apartments will see their property tax go up this year, while the remaining 92%, those who own apartments under 900 million won, will see their property tax go down. Why do the media always cite apartments in Seocho-gu and Gangnam-gu in Seoul as examples? Why don't they talk about the tax bombs hitting houses in Daejeon, Gwangju, and Busan? They raised it by 8%, but cut it by 92%. Is this really extortion? Or are they just using the word "extortion" because they don't really understand what it means and because it sounds plausible?
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