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January 19, 2018, 12:33 [KST]


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NABO in the Press

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Korea to expand unification education
THE KOREA HERALD - January 28, 2015
Policymakers have launched discussions to augment the unification-related lessons taught at elementary, middle and high schools to increase students’ interest in the subjects, officials said Wednesday.

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F1 organizers blamed for losses
The KOREA TIMES - January 28, 2015
Former South Jeolla Province Governor Park Joon-yung has been accused of a breach of trust in causing financial losses to the provincial government by holding the Formula One (F1) Korean Grand Prix.

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Korea's finance minister says revised tax policy 'collects less and refun...
arirang - January 20, 2015
A public outcry forced Korean Finance Minister Choi Kyung-hwan to stand before reporters on Tuesday over the government's change in tax policy.

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Childcare policy triggers moral hazard
MK News - January 19, 2015
According to the Ministry of Strategy and Finance and the National Assembly Budget Office on Monday, the total government budget for childcare including allocations of local governments amounted to a whopping 6.3 trillion won ($5.8 billion). In particular, the childcare budget in 2012 and 2013, when the implementation of free childcare were expanded fully, rose by 23 percent and 40 percent, each, compared to the previous years. Despite such increase, the number of child abuse incidents in day care centers surged from 135 in 2012 to 232 in 2013.
 
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Year-end Tax Settlement: Extra Taxes, Not an Extra Bonus
The Kyunghyang Shinmun - January 19, 2015
The Ministry of Strategy and Finance claims the government's actions are due to the sluggish economy, but it is believed that the tax cuts in corporate taxes carried out under the Lee Myung-bak government had a big impact. According to the National Assembly Budget Office, during the five years from 2009 to 2013, tax revenues decreased by 37.2 trillion won.
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