Most Popular
-
1
Over 82,000 Korean young people unemployed, not searching for job long-term
-
2
40% of Korea's workers who reported bullying faced retaliation: survey
-
3
600 evacuated as heavy rain floods roads, homes in southern regions
-
4
Torrential rainfall forces 1,500 to evacuate, causes widespread damage to homes, roads
-
5
[KH Explains] Can smart chargers ease tensions over EV fires?
![[KH Explains] Can smart chargers ease tensions over EV fires?](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/09/22/20240922050108_0.jpg&u=20240922174135)
![[KH Explains] Can smart chargers ease tensions over EV fires?](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/09/22/20240922050108_0.jpg&u=20240922174135)
-
6
[Weekender] Young Koreans more open to Japanese cultural products
![[Weekender] Young Koreans more open to Japanese cultural products](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/09/19/20240919050750_0.jpg&u=)
-
7
New Fifty Fifty off to strong start
-
8
1 in 5 households to have breadwinner over 80 in 30 years
-
9
Jeju's solo traveler-friendly spots offer solitude as well as camaraderie
-
10
Doctors defend colleague accused of blacklisting non-strikers
![[Weekender] Young Koreans more open to Japanese cultural products](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/09/19/20240919050750_0.jpg&u=)
South Korea's tax revenue increased by nearly 20 trillion won ($18.2 billion) in the first six months of the year on an increase in corporate and value-added taxes, the government said Wednesday.
In the January-June period, the government collected 125.6 trillion won, up from 106.6 trillion won tallied over the same period last year, according to the Ministry of Strategy and Finance.
The six-month tally represents 56.3 percent of the government's annual target of 222.9 trillion won.
Corporate tax gained 5.9 trillion won from a year earlier to 28.4 trillion won in the first six months of the year, while the revenue from value-added taxes came to 30.7 trillion won, up 5.8 trillion won over the cited period, the ministry said.
Income tax also added 4.9 trillion won from a year earlier to 35.5 trillion won on a rise in real estate transactions.
With a sharp rise in tax revenue, overall government income also climbed to 207.1 trillion won from 186.4 trillion won a year earlier.
Total government spending reached 215.1 trillion won over the six-month period, up from 210.3 trillion a year earlier, with the government balance posting a deficit of 8.1 trillion won.
As of end-June, overall government debt stood at 591.7 trillion won, up from 592.7 trillion won a month earlier. (Yonhap)
In the January-June period, the government collected 125.6 trillion won, up from 106.6 trillion won tallied over the same period last year, according to the Ministry of Strategy and Finance.
The six-month tally represents 56.3 percent of the government's annual target of 222.9 trillion won.
Corporate tax gained 5.9 trillion won from a year earlier to 28.4 trillion won in the first six months of the year, while the revenue from value-added taxes came to 30.7 trillion won, up 5.8 trillion won over the cited period, the ministry said.
Income tax also added 4.9 trillion won from a year earlier to 35.5 trillion won on a rise in real estate transactions.
With a sharp rise in tax revenue, overall government income also climbed to 207.1 trillion won from 186.4 trillion won a year earlier.
Total government spending reached 215.1 trillion won over the six-month period, up from 210.3 trillion a year earlier, with the government balance posting a deficit of 8.1 trillion won.
As of end-June, overall government debt stood at 591.7 trillion won, up from 592.7 trillion won a month earlier. (Yonhap)
