
South Korea’s 2025 Budget Focuses on Non-Tax Revenues
Seoul, South Kroea - As South Korea unveils its 2025 budget proposal, one key component stands out: the government's increased reliance on non-tax revenues, including fines, penalties, and administrative fees, to address its fiscal challenges. Set at 13 trillion KRW, this category has increased by 1.6 trillion KRW compared to 2024, marking the highest amount ever recorded. This shift towards non-tax revenues raises a question: is this an innovative fiscal strategy, or is it an indirect tax burde










