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The government abolishes and reduces 32 types of administrative charges to ease burdens on the public and businesses - Hidden fees that people may not be aware of whether they are paying - Regulatory burdens that hinder private economic activities - Outdated charges that no longer reflect changing social and economic circumstances = Comprehensive reform is needed [Abolishing or reducing charges to lessen the burden on livelihood] ㅇThe electric power fund charges - Gradually reduce charges by 1%p (3.7% → 3.2% from July 2024 → 2.7% from July 2025) ㅇThe departure tax - Lower charges included in airfare by 4,000 won (11,000 → 7,000 won) - Expand eligibility for tax exemption up to the age of 12 (currently 2 years old) ㅇThe charges for cinema entry - Abolish the surcharge (3% of ticket price) added to the movie ticket prices ㅇThe petroleum import charges - Cut liquefied natural gas (LNG) import charges by 30% for one year [Restructuring charges to boost corporate economic activities] ㅇThe charges for school sites - Eliminate charges imposed on school sites, despite the decline in demand for new schools ㅇThe environmental improvement charges - Cut charges on diesel vehicles by 50% for small business owners ㅇThe farmland preservation charges - Reduce the farmland preservation levy rate applied specifically to non-agricultural development districts (30% → 20% of the officially assessed individual land prices) The government will strengthen the management system for charges by constantly reviewing the validity and appropriateness of existing charges and introducing validity assessment for newly proposed ones.

Ministry of Economy and Finance
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