The government plans to table and pass the 2025 tax reform bill at a Cabinet meeting on the 1st without changing its proposal to apply different comprehensive real estate tax deductions to single-homeowners based on residence status. The plan would raise the basic deduction for resident single-homeowners from 1.2 billion Korean won to 1.4 billion Korean won, while cutting it for non-resident single-homeowners from 1.2 billion Korean won to 900 million Korean won. The decision comes despite objections within the ruling party and significant public opposition. The Democratic Party of Korea plans to revise and supplement the real estate tax provisions during National Assembly deliberations. The government is expected to make separate announcements if lawmakers alter that section, while partially revising its proposed limits on Individual Savings Accounts before submission. President Lee Jae Myung has defended the policy as an effort to curb real estate speculation and correct what he called an unfair tax system, while saying the government is preparing for a plunge in housing prices. His approval rating fell 1.3 percentage points to 38.9% in Realmeter’s survey released on the 31st, marking a seventh consecutive weekly decline and the first time it entered the 30% range since his inauguration. Political circles also interpreted recent personnel changes and the nomination of Democratic Party lawmaker Kim Seung-won as minister of justice candidate as evidence that Lee intends to maintain his policy direction, including on indictment dismissal.