South Korea's comprehensive real estate tax system has undergone extreme cycles of tightening and easing over its 22-year history, driven by political administration changes and market conditions. According to industry sources, the tax regime introduced in January 2005 under the Roh Moo-hyun government has experienced repeated policy reversals across subsequent administrations through 2026, with tax burdens alternately strengthened during market overheating periods and relaxed during economic do