According to the Finance Ministry on Tuesday, it collected 240.2 trillion won in taxes between January and August, 53.3 trillion won or 29 percent more than a year earlier.
Korea said Thursday it has sold about $1.3 billion of foreign exchange stabilization bonds at the second-lowest ever rates amid solid demand.
Utility prices will be kept in check this year in order to help contain inflation, Vice Finance Minister Lee Eog-weon said.
Tax collections in the first half totaled 181.7 trillion won, a 36.9 percent increase on year.
The Green Climate Fund (GCF), the Korea-based United Nations climate fund aimed at helping poor nations fight global warming, has approved $500 million in funding for new projects and programs, according to the finance ministry Sunday.
Tax collections in the first four months of 2021 were up 32.5 percent on year, giving the government the wiggle room to pass a supplementary budget without selling more debt.
Legislation to provide state compensation to small business hurt by the Covid-19 pandemic is being pursued by the ruling Democratic Party (DP), a plan which initially received a negative response from the Finance Ministry.
Korea will closely monitor a potential increase in volatility of the financial markets as the yield spread between short- and long-term state bonds is increasing, the vice finance minister said Tuesday.
With hopes for a vaccine giving the stock market a shot in the arm, a top government official offered a reality check, saying that benefits of the good news on the Covid front could take time to affect the real economy.
On Nov. 11, 1988, 300 Bank of Korea (BOK) employees rushed to the headquarters of the ruling party in downtown Seoul to oppose the revision of the BOK Act. That signaled the beginning of the war between the Finance Ministry and...