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Preying on taxpayer money

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Policymakers must act decisively to ensure long-term fiscal health

Indicators gauging the flow of the fiscal balance are going from bad to worse, raising doubts about the country's long-term fiscal health. Against this backdrop, the government is drawing attention by unveiling a package of measures aimed at uprooting the illegal acceptance of state subsidies.

According to the Ministry of Economy and Finance, Korea's consolidated fiscal balance posted a 22.3 trillion won ($18.7 billion) deficit in the........

© The Korea Times