Tax breaks floated to foster growth in non-Seoul areas in seemingly election-conscious announcement The ruling People Power Party on Tuesday announced plans to exempt owners of second or additional homes outside Seoul from taxes. Rep. Kweon Seong-dong, the People Power Party's floor leader, said at a meeting of the party leadership that lifting taxes for buyers of homes in non-capital regions could be a way of fostering an even growth across Korea, whose population is heavily concentrated in Seo

Does it mean it will be easier for rich people to hog houses outside of Seoul and drive prices up there without them needing to live there?