Top headlines in major S. Korean newspapers
SEOUL, Sept. 2 (Yonhap) -- The following are the top headlines in major South Ko...
Korea plans to release a budget of 821 trillion won next year, signaling a mega-sized fiscal expansion. The government is making a U-turn on a comprehensive real estate tax for single-home owners who are not residing in their properties, following public backlash over the proposal (Kyunghyang Shinmun, Kookmin Daily). The budget increase is driven by the booming semiconductor industry (Donga Ilbo).
The government's decision to make a U-turn on the tax issue has been met with criticism, with the presidential chief of staff resigning amid calls for his dismissal from the ruling bloc (Seoul Shinmun, JoongAng Ilbo). South Korea is seeking a super budget of 821 trillion won, with the expectation that it could grow to 1,000 trillion won within four years (Chosun Ilbo, Hankyoreh, Hankook Ilbo, Maeil Business Newspaper, Korea Economic Daily).
English-language dailies also report on the government's plans for the record W821 trillion budget, driven by the windfall from the chip tax (Korea Herald, The Korea Times).
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- Top headlines in major S. Korean newspapers en.yna.co.kr
