Gov't needs to compile data on foreign home buyers

Apartment complexes in Seoul / Yonhap By Lee Kyung-min The government is being urged to set up a system to compile data on properties owned and traded by foreign nationals to better identify taxable income and prohibit speculation amid their suspected growing presence in the property market, a ruling party lawmaker said Tuesday. A comprehensive set of data is needed to establish the legal groundwork to ensure foreign property owners pay tax for windfall gains...