The local elections are over, and one can no longer deny that real estate is rising again.
To the extent that the President's statement about not calculating votes seems meaningless, the National Assembly and the Executive Branch have been quiet regarding real estate policy.
The rise in the Kospi was too fast and excessive to be contained by the abolition of the increased capital gains tax on owner-occupied housing alone. To control it through loan regulations, Samsung and Hynix's performance bonuses were too large, and negotiations for performance bonuses of other large companies are expected to continue.
Still, for Koreans, stocks remain an uncertain and risky investment asset. Real estate is always winning and has excellent tax benefits for long-term holding, in addition to being usable for residence, making it an invincible investment place.
Good or bad, the local elections are over, and now it is truly a time when something has to be shown. The turn has now passed to real estate.
Those who have continued to express caution about real estate regulation policies, saying, "it would have been postponed due to the local elections," will quickly change their stance depending on the subsequent response.
For money moves toward productive finance to happen as intended by the President, at least to the extent that "stock investment is not tax-wise disadvantageous," either the strengthening of real estate tax policy or the easing of stock tax policy must be implemented.