The Construction Association of Korea noted on the 28th that it has delivered policy proposals, including the easing of acquisition tax surcharges and the expansion of unsold housing purchases, to the People Power Party as 'policy suggestions the next government is hoping for.' It also conveyed similar information to the Democratic Party of Korea last month.
The Construction Association of Korea stated that it held a policy proposal delivery ceremony with the People Power Party at the National Assembly member office building. Members Lim Yi-ja and Yoon Jae-ok participated from the People Power Party.
The association proposed measures to revive the stagnant housing market, including the easing of acquisition tax surcharges, applying the basic transfer income tax rate, and abolishing comprehensive real estate tax surcharges. It emphasized the need for a 50% reduction in acquisition tax when purchasing local unsold dwellings and a full exemption from transfer income tax for five years. The government was urged to purchase more unsold dwellings and to normalize the purchase prices.
It was also conveyed that it would be better to amend the Serious Disaster Punishment Act into the Serious Disaster Prevention Act, as it imposes excessive penalties on business leaders.
It was mentioned that passing three key bills (the Basic Construction Industry Act, the Construction Machinery Management Act, and the Judicial Police Duty Act) is necessary to help eradicate illegal activities of construction unions in order to establish sound labor-management relations.
Chairman Han Seung-gu of the Construction Association said, 'The construction industry has played an important role in revitalizing the local economy and creating jobs,' and requested that the next government listen to the voices of the construction industry.