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Korea logs smaller-than-expected fiscal deficit in 2021

Korea's fiscal deficit is estimated to be sharply smaller than its previous estimate last year on the back of larger-than-expected tax revenue, the finance ministry said Thursday.

2022-02-17

Tax collections continue to grow

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.

2021-10-12

Gov't revenues are higher than expected

Korea is likely to collect more than expected tax revenue this year, potentially securing ammunition to finance another extra budget that could be under review to help underpin an economic recovery.

2021-05-31

Starting anew (KOR)

CHANG CHUNG-HOONWith Covid-19 spreading again, our daily lives are under threat once more. In recent weeks, more than 3,800 new cases have been confirmed. Everyone feels anxious and uncomfortable. But new cases in the capital...

2020-08-26

Starting anew

With Covid-19 spreading again, our daily lives are under threat once more. In recent weeks, more than 3,800 new cases have been confirmed. Everyone feels anxious and uncomfortable. But new cases in the capital region started to...

2020-08-26

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