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South Korea to boost home lease with tax incentives

Published Wed, Jan 14, 2015 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

Seoul

SOUTH Korea plans to boost home lease in the private sector with tax incentives to help reduce housing costs among middle-income families, sources said on Tuesday.

Six ministries, including the Finance Ministry and the Land and Transport Ministry, have submitted a report to President Park Geun-hye, featuring the home lease-boosting scheme and other economy-stimulating measures.

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