Round-up: Today’s top stories in the morning papers in Korea (August 8, 2016)
1. While the South Korean government and the ruling Saenuri Party will maintain the current tax system, the Minjoo Party of Korea will push for a tax hike on the wealthy and big companies in a direct countermove against the government. People’s party also agrees that the tax increase is needed to raise tax revenue but did not change their position on corporate tax, showing differentiation from the main opposition party.
I am sure the lawmakers know that South Korea is the lowest tax paying country among OECD countries.
2. The income tax for Korean workers has increased by 50% over the last five years. Of three types of taxes, revenue tax saw the largest increase by 15.4% and corporate tax by 5.6% while value added tax (VAT) decreased by 5.2%.
Korean employees fall an easy prey to tax as the government knows how much they earn.
3. Six in ten alcohol-related epileptic patients are in their 50s. Experts say that people who turned into 50s used to have excessive drinking habits and high level of psychological and social stress in their 40s.
People pay attention to health when they are healthy. The society that offers alcoholic beverages makes our lives miserable.
4.There are growing interests on calumny as Park Yuhcun and Lee Jin-wook, the famous Korean actors, who were accused of sexual assault were reported to face false accusation after the police investigation. Experts analyze that the increase in calumny is related to the so-called ‘lawsuit mammonism,’ in which people tend to tackle a problem with filing a suit.
The phenomenon is probably happening because of Byun Hee-jae who takes a legal action for fun and Kang Yong-suk who advertises himself by saying, ‘I am going to sue you.’ There is one thing to remember, ‘To sow the wind and reap the whirlwind.’
5. The number of mosquitoes in South Korea had significantly reduced from the same period last year when people were unable to sleep at night with mosquito repellants because of mosquitoes. Taking an early preventive measure against Zika virus and scorching heat that dries up puddles help reduce the number of these blood sucking insects.
Why didn’t the government take preventive measure against mosquitoes before? I will keep my eyes on the authority next year.