[AKyeong Poll] 47.5% Support and 39.9% Oppose Easing of Comprehensive Real Estate Tax Criteria 'Neck and Neck'

Tightly Contested Beyond Margin of Error
Significant Variations by Support Party

[Asia Economy Reporter Koo Chae-eun] Opinions favoring the relaxation of the comprehensive real estate tax (종부세) imposition criteria for properties with a current official land price of 900 million won or more (47.5%) surpassed opposing opinions (maintaining the current criteria) (39.9%). The difference between the two opinions is 7.6 percentage points, which is outside the ±3.1 percentage point margin of error.

Perspectives on the 종부세 discussion sharply diverged depending on which political party respondents support. Among supporters of the Democratic Party of Korea, 27% agreed with "relaxing the 종부세 criteria," while 62.8% opposed it. 10.1% responded that they were unsure. Supporters of the Justice Party and the Open Democratic Party, which are included in the ruling coalition, also showed similar trends, with 34.7% and 30.6% respectively supporting the relaxation of the 종부세 criteria.

On the other hand, 66.1% of People Power Party supporters favored relaxing the 종부세, while 22.9% opposed it, showing a completely opposite pattern to Democratic Party supporters. 10.9% responded that they were unsure. Supporters of the People Party also responded with 67% in favor of relaxing the 종부세 criteria and 21.7% opposed.

Regional differences in views were also clearly evident due to the real estate issue. In Seoul, where housing prices rose significantly, 54.8% supported "relaxing the 종부세 criteria," the highest percentage among regions. This was followed by Gyeonggi·Incheon (49.2%), Daejeon·Sejong·Chungcheong (48.7%), Busan·Ulsan·Gyeongnam (47.9%), and Daegu·Gyeongbuk (45.3%). Gwangju·Jeolla (38.8%) and Gangwon·Jeju (23.3%) followed.

By age group, those aged 70 and above showed the highest support for "relaxing the 종부세 criteria" at 60.6%, followed by those in their 60s (56.0%), 50s (45.6%), 18?29 (47.2%), 30s (41.2%), and 40s (38.6%). Among those who negatively evaluated the president’s national administration, 60.9% supported relaxing the 종부세, and 65.1% of respondents who do not support the president also favored the relaxation.

This survey was conducted by Asia Economy through Win-G Korea Consulting targeting voters aged 18 and older nationwide from the 24th to the 25th of last month, with 1,008 respondents and an overall response rate of 9.6%. The survey method was 100% wireless ARS using mobile phone virtual numbers, and the sample was extracted with weighted values by gender, age, and region based on the resident registration population as of the end of January 2021 from the Ministry of the Interior and Safety (cell weighting). The sampling error is ±3.1 percentage points at a 95% confidence level. For detailed survey information, please refer to the Win-G Korea Consulting website or the Central Election Poll Deliberation Commission website.