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Seoul Economic Daily
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Officials promise a ruling this month on when the reconstruction surcharge must be levied, with a Banpo complex facing 17.9 billion won at stake. Rental listings are rising in Seoul while sale listings top 80,000. Here is what the timing means for buyers and owners.

The Ministry of Land, Infrastructure and Transport will issue a legal interpretation this month on the reconstruction excess profit recovery charge. The disputed deadline could be December 30 this year or August 2029. Seoul listings grew across sales, jeonse and monthly rent, and a final decision on land transaction permit extensions is expected in December.

Sources:
- Reconstruction Surcharge Deadline Disputed as Ministry Promises Ruling This Month — Seoul Economic Daily, 2026-11-13
- Foreign Tourist Arrivals Top 20 Million, Big Money Flows Into Seoul Hotels — Seoul Economic Daily, 2026-11-13

AI PRISM is Seoul Economic Daily's WAN-IFRA award-winning newsroom AI series, delivering Korean economic news adapted for global audiences. Episodes are produced with AI assistance.
트랜스크립트
00:00Before you sign anything in Korea's property market, the rules just shifted again.
00:04The reconstruction surcharge deadline is now in question, and that could change your numbers.
00:09Here's the first number that matters.
00:10A single Seoul complex in Banpo faces a levy of 17.9 billion won, roughly 220 million won per owner
00:18on average.
00:19It's Saturday, November 14th.
00:21Let's look at what's happening in Korea's property market.
00:23The Ministry of Land, Infrastructure and Transport says it will clarify the deadline for the reconstruction excess profit recovery charge,
00:30known as Jekohuan, within this month.
00:33Officials admit confusion is spreading on the ground.
00:35The Xiochogu office has sent a preliminary notice to the Banpo complex, but the final deadline is disputed.
00:41Here's what the numbers show.
00:43Seoul rental listings grew this month.
00:45Jonze listings rose 5.0% and monthly rent listings rose 10.6% compared with three weeks ago.
00:51Jonze listings rose 5.0% and monthly rent listings rose 10.6% compared with three weeks ago.
00:58Sale listings topped 80,000, up more than 40% since the start of the year.
01:03So what does this mean for buyers weighing a purchase this year?
01:06The answer depends on which deadline applies.
01:08If the 2029 extension holds, sellers face less pressure to move early.
01:13If the December 30th deadline holds, expect faster liquidation of older reconstruction projects.
01:18If the 2029 extension holds, sellers face less pressure to move early.
01:23If the December 30th deadline holds, expect faster liquidation of older reconstruction projects.
01:29Earlier, we said the surcharge could reshape the market.
01:32Here's what that actually means for you.
01:34Your timing matters more than the headline.
01:36What to watch?
01:37A ruling from the ministry this month.
01:39And a final decision on land transaction permit extensions expected in December.
01:43That's today's AI Prism, real estate.
01:46This episode was produced with AI Assistants based on Seoul Economic Daily reporting.
01:51AI Prism is a Juan IFRA award-winning series.
01:54We'll be back tomorrow.

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