The Business Times
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South Korea to boost home lease with tax incentives

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

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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