SEOUL -The South Korean government may dial back the scale of tax cuts aimed at curbing inflation, as tax revenue for this year is likely to fall below estimates. According to the Ministry of Economy and Finance, Korea's tax revenue amounted to 54.2 trillion won ($41 billion) in the first two months of this year, marking a 15.7-trillion-won drop from the 69.9 trillion won recorded in the same period last year. If the tax revenue from March to December is similar to the year before, the total tax revenue for 2023 will stand at 380.

https://business.inquirer.net/395211/falling-revenue-threatens-tax-cuts-in-south-korea

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