The government of South Korea plans to sharply raise capital-gains taxes for home flipping and ramp up taxes on corporate property to cool a price boom. That should have property investors looking over their shoulders—and not just in Korea’s expensive capital, Seoul. Seoul is hardly the only major city to experience a bubbly housing market in recent years: Korea’s new measures follow increasingly tough policies around the world to restrain prices. And all of that was before the pandemic pushed global interest rates through...

Source: Wall Street Journal July 15, 2020 10:18 UTC