Скачать или смотреть S. Korea's annual tax revenue plunged in 2023 amid economic downturn

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An annual shortfall in national tax revenue was recorded for South Korea last year amid a downturn in the economy.
Data from the Finance Ministry released on Thursday shows that the revenue in 2023 stood at 344 trillion won, or around 250 billion U.S. dollars.
That's an annual shortfall of nearly 40 billion dollars compared to the year before.
The ministry attributed the fall mainly to the economic downturn which has led to a drop in corporate taxes and, with fewer real estate transactions leading to a decline in property taxes.

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2024-02-15, 18:00 (KST)