Gyeonggi Provincial Government Northern Office in Uijeongbu [Courtesy of Gyeonggi Provincial Government]The budget management of Gyeonggi Province in South Korea is facing a red light as the trend of declining local tax collection continues this year.The ongoing decrease in acquisition taxes, which began in the second half of last year, is attributed to the sluggish recovery in the real estate market.According to Gyeonggi Province on Tuesday, the tax revenue collected from January to May this year amounted to 5.

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