The recent decision by one of former President Kim Dae-jung's sons to sell his father's residence in order to avoid a large inheritance tax has created a controversy within the liberal political bloc. This move has led to calls from some members of the main opposition Democratic Party of Korea for the government or the party to repurchase the property due to its historical significance. The Democratic Party's Rep. Jung Chung-rae has suggested that the government should use taxpayers' money to repurchase the residence, while Rep. Park Jie-won, a former chief presidential secretary to Kim Dae-jung, has expressed his willingness to personally fund the repurchase of the estate. Another figure, former main opposition leader Lee Jae-myung, who is currently running for a second term, has not released an official statement yet, but members of his faction within the Democratic Party claim that he believes the party should take responsibility and find a solution to the issue. Additionally, other liberal politicians including former Prime Minister Lee Nak-yon have expressed regret over the sale of the residence, emphasizing its importance as a democratic legacy of South Korea. The Donggyo-dong residence, where Kim Dae-jung spent the majority of his life as a politician and post-retirement, holds significant historical value as it was the place where he endured assassination threats and was under house arrest during the military dictatorship regimes. Despite being legally considered private property, figures like Lee Nak-yon argue that due to its historical significance, the residence should not be treated as an ordinary private property. The youngest son of Kim Dae-jung, Kim Hong-gul, reportedly sold the estate to a group of local businessmen for around 10 billion won ($7.2 million) last month, citing the burden of the hefty inheritance tax as the reason for the sale.
The recent decision by one of former President Kim Dae-jung's sons to sell his father's residence in order to avoid a large inheritance tax has created a controversy within the liberal political bloc. This move has led to calls from some members of the main opposition Democratic Party of Korea for the government or the party to repurchase the property due to its historical significance. The Democratic Party's Rep. Jung Chung-rae has suggested that the government should use taxpayers' money to repurchase the residence, while Rep. Park Jie-won, a former chief presidential secretary to Kim Dae-jung, has expressed his willingness to personally fund the repurchase of the estate. Another figure, former main opposition leader Lee Jae-myung, who is currently running for a second term, has not released an official statement yet, but members of his faction within the Democratic Party claim that he believes the party should take responsibility and find a solution to the issue. Additionally, other liberal politicians including former Prime Minister Lee Nak-yon have expressed regret over the sale of the residence, emphasizing its importance as a democratic legacy of South Korea. The Donggyo-dong residence, where Kim Dae-jung spent the majority of his life as a politician and post-retirement, holds significant historical value as it was the place where he endured assassination threats and was under house arrest during the military dictatorship regimes. Despite being legally considered private property, figures like Lee Nak-yon argue that due to its historical significance, the residence should not be treated as an ordinary private property. The youngest son of Kim Dae-jung, Kim Hong-gul, reportedly sold the estate to a group of local businessmen for around 10 billion won ($7.2 million) last month, citing the burden of the hefty inheritance tax as the reason for the sale.