The South Korean Cabinet, led by President Lee Jae-myung, convened its 4th meeting to discuss significant policy reforms and legislative changes. The agenda included measures to improve the life-sustaining medical decision system, the end of temporary capital gains tax relief for multiple homeowners, and enhanced penalties for illegal foreign fishing. Additional reports covered the status of the ‘Just Dream’ food support project and the results of the ‘Hope 2026 Sharing Campaign.’ The meeting also addressed cooperation on public sector personal data protection and the implementation of the K-RE100 renewable energy initiative in public institutions.
Key stakeholders impacted by these discussions include homeowners, especially those with multiple properties, entrepreneurs, vulnerable social groups, and businesses in regulated industries. The government emphasized the need to revise startup-related regulations from the ground up, aiming to foster a more entrepreneurial environment. Social welfare beneficiaries will see continued support through the Dream Center food program, which ensures access to basic nutrition. The Cabinet also reviewed legislative amendments affecting fair subcontracting, copyright, semiconductor industry competitiveness, disaster victim protection, and child abuse prevention.
The timeline for the end of the capital gains tax relief for multiple homeowners was confirmed, with the grace period expiring on May 9, 2026. For contracts in existing regulated areas, transactions completed by May 9 will have a three-month window for final payments or registration, while new regulated areas will have a six-month period. The government plans to finalize supplementary measures after gathering public feedback. Additional legislative and regulatory changes were deliberated and approved, including 18 legal promulgations and 10 presidential decrees, with 14 directly linked to the administration’s policy agenda.
Frequently asked questions include: What happens after the capital gains tax relief for multiple homeowners ends? The government will implement supplementary measures to minimize disadvantages for genuine transactions. How will the Dream Center food support program expand? The President has instructed officials to promote the program widely to ensure no one goes hungry. What is being done about price-fixing and unfair practices? The Cabinet stressed the need for swift regulatory updates and strict enforcement to stabilize prices and protect consumers.
Metaqsol opinion: The Cabinet’s focus on real estate tax reform, startup deregulation, and social welfare reflects a balanced approach to economic growth and social stability. The clear timelines and supplementary measures for homeowners demonstrate attention to policy continuity and public trust. The emphasis on expanding food support and addressing unfair market practices signals the government’s commitment to inclusive welfare and fair competition. These actions are likely to impact a broad spectrum of society, from property owners to vulnerable groups and entrepreneurs.