{"id":258968,"date":"2026-05-01T00:04:05","date_gmt":"2026-04-30T15:04:05","guid":{"rendered":"https:\/\/tenbizt.com\/en\/news\/uncategorized\/2026\/05\/01\/is-the-abolishment-of-long-term-home-ownership-tax-breaks-a-threat-insights-from-kim-geun-sik\/"},"modified":"2026-05-01T00:04:05","modified_gmt":"2026-04-30T15:04:05","slug":"is-the-abolishment-of-long-term-home-ownership-tax-breaks-a-threat-insights-from-kim-geun-sik","status":"publish","type":"post","link":"https:\/\/tenbizt.com\/en\/news\/politics\/2026\/05\/01\/is-the-abolishment-of-long-term-home-ownership-tax-breaks-a-threat-insights-from-kim-geun-sik\/","title":{"rendered":"Is the Abolishment of Long-Term Home Ownership Tax Breaks a Threat? Insights from Kim Geun-sik"},"content":{"rendered":"<p>Translation result<img decoding=\"async\" src=\"https:\/\/cdn-union.tenbizt.com\/contents\/crawler-dev\/image\/2026\/04\/CP-2023-0299\/image-d1e05bb0-d5ad-4528-b3b0-1b0738803f37.jpeg\" alt=\"\uc815\uc6d0\uc624\" \ub354\ubd88\uc5b4\ubbfc\uc8fc\ub2f9 \uc11c\uc6b8\uc2dc\uc7a5 \ud6c4\ubcf4\uac00 \uc9c0\ub09c 28\uc77c \uc11c\uc6b8 \uc911\uad6c \ud0dc\ud3c9\ube4c\ub529\uc5d0\uc11c \uc5f4\ub9b0 \uc81c2\ucc28 \uc120\uac70\ub300\ucc45\uc704\uc6d0\ud68c \ud68c\uc758\uc5d0 \ucc38\uc11d\ud574 \uc788\ub2e4. \ubb38\ud638\ub0a8 \uae30\uc790> Kim Geun-sik, a professor in the Department of Political Science and Diplomacy at Kyungnam University, has urged Jeong Won-o, the Democratic Party\u2019s candidate for Seoul mayor, to clearly state his position on President Lee Jae-myung\u2019s proposal to abolish the long-term ownership special deduction. <\/p>\n<p> On April 30, Kim wrote on his Facebook page, \u201cDo you support policies that demonize ordinary homeowners\u2014treating people who own a single home for life as criminals?\u201d <\/p>\n<p> He went on, \u201cOr are you withholding opposition because you want votes and are simply deferring to the president?\u201d <\/p>\n<p> Kim again pressed Jeong to clarify his stance on the long-term ownership special deduction and on Seoul\u2019s housing policies during Park Won-soon\u2019s administration. <\/p>\n<p> He criticized Jeong\u2019s glossy \u201csteady development\u201d pledge, arguing that Jeong should first apologize for the New Town projects halted under Park Won-soon and for that administration\u2019s puzzling fixation on urban regeneration. <\/p>\n<p> Kim accused Jeong of appearing to read from a script and of lacking a firm grasp of the issues, saying the candidate looks like a handpicked \u201cstar\u201d who hopes to coast into the mayoralty on party support alone. <\/p>\n<p> He added that Seoul residents know the Democratic Party\u2019s housing DNA at both the national and municipal levels: policies that are hostile to homeowners, that treat prospective buyers with suspicion, that constrain and delay redevelopment and reconstruction, and that, when projects move forward, aim to deliver them exclusively through public channels.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Professor Kim Geun-sik urges Seoul mayoral candidate Oh Jeong-won to clarify stance on the abolition of long-term property tax exemption.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_thumbnail_url":"https:\/\/cdn-union.tenbizt.com\/contents\/crawler-dev\/thumbnail\/2026\/04\/CP-2023-0299\/thumb-1c349015-7eaf-4362-a802-b7e1c50d66e7.jpg","footnotes":""},"categories":[278093],"tags":[],"class_list":["post-258968","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is the Abolishment of Long-Term Home Ownership Tax Breaks a Threat? Insights from Kim Geun-sik<\/title>\n<meta name=\"description\" content=\"Professor Kim Geun-sik urges Seoul mayoral candidate Oh Jeong-won to clarify stance on the abolition of long-term property tax exemption.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tenbizt.com\/en\/news\/politics\/2026\/05\/01\/is-the-abolishment-of-long-term-home-ownership-tax-breaks-a-threat-insights-from-kim-geun-sik\/\" \/>\n<meta property=\"og:locale\" content=\"ko_KR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is the Abolishment of Long-Term Home Ownership Tax Breaks a Threat? 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