Seven out of 10 Koreans from middle-class households had troubles with inheritance, according to a report, as more taxpayers nationwide are becoming subject to an inheritance tax under outdated ...

Family-run businesses and middle-class families would be worse affected by the proposed reintroduction of inheritance tax, said Insap. A think tank has objected to a proposed reintroduction of the ...

The ruling and opposition parties clashed over the 'inheritance tax reform' during a full meeting of the National Assembly's Planning and Finance Committee on the 18th. The key point is to raise the ...

The Democratic Party of Korea held a discussion on the 14th, urging the passage of a bill to alleviate inheritance tax burdens tailored to the middle class who own "one dwelling." The aim is to ...

The discrepancy reflects an inheritance tax system that is rigged against the middle class. Years of blistering house price growth have dragged a bewildered cohort of moderately wealthy homeowners ...