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S.KOREA

Cheong Wa Dae rejects reports on semiconductor windfall tax use

South Korea’s presidential office on Wednesday denied reports that it was reviewing ways to utilize excess tax revenue generated by the semiconductor industry, as the administration moved to contain growing controversy surrounding a proposed “national dividend” concept.The denial followed comments by President Lee Jae-myung and presidential policy chief Kim..

Han urges fast budget action
Han Byung-do called for swift execution of a supplementary budget and expedited passage of exchange rate-related legislation, citing growing economic risks..

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