[KOREAN ECONOMIC NEWS] Good morning, everyone. I’m Byeongyeon Yoo staff of Kamaindia Pvt. Ltd.
Here I have an important Korean economic news to share with you which is as undermentioned.
A special presidential panel on Tuesday announced its fiscal reform plan, in accordance with the Moon Jae-in administration’s recently renewed pledge to reduce income disparity and achieve income-led growth.
The blueprint, raising the tax burden on owners of high value houses and multiple homes, was taken as a signal that the progressive government -- which has largely been preoccupied with North Korean issues throughout its first year -- shall henceforth place more focus on “economic justice.”
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Have a nice day.