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Overheated speculation areas in S. Korea to be investigated: Finance Minister

Arirang News 2020-08-12

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홍남기 "부동산 과열지역 경찰청•국세청 단속•점검 강화"

The South Korean government is strengthening its investigation into the overheated housing market.
Finance minister Hong Nam-ki held an online briefing on Wednesday and said that the police has been holding a 'one-hundred day intensive control' since last Friday... and a tax office task force is inspecting overheated areas.
Many of the high-value homes declared on tax forms early this year are under review and will be reported to the National Tax Service if any illegal acts were committed.

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