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S. Korea to Expand Fuel Tax Cuts in Emergency Step to Curb Inflation

S. Korea to Expand Fuel Tax Cuts in Emergency Step to Curb Inflation

SEOUL, June 19 (Korea Bizwire) — The government on Sunday announced a package of emergency measures, including additional fuel tax cuts and higher income tax deduction rates for public transit use, aimed at countering growing inflationary pressure. Starting next month, tax cuts on fuel consumption will be expanded to a legal cap of 37 percent [...]

Retail Sales hit 4-month high In Sept. Thanks to Tax Cuts and Chuseok

Retail Sales hit 4-month high In Sept. Thanks to Tax Cuts and Chuseok

SEJONG, Nov. 2 (Korea Bizwire) – South Korea’s retail sales rose to a 4-month high in September as tax cuts and the Chuseok holiday propped up consumer spending, a government report showed Monday.  Retail sales topped 31.13 trillion won (US$27.28 billion) in September, up 4.1 percent from 29.9 trillion won a year earlier and the [...]