North Korea

(Draft Bill)

EU United Korea aid

Democratic United Korea (with South Korean law) in 2030

₩1000 an hour minimum wage (including gig work)

₩140,000 a month UBI per person under a ₩1,680,000 yearly income

20% consolidated flat tax over ₩480,000 a year (with double taxation)

20% corporate tax on profits

20% value added tax tax on each stage of sale (paid quarterly)

20% value added tax on importing

VAT tax registration over ₩480,000 a year

Sole trader registration over ₩480,000 a year

Recreational drugs decriminalized

Estimated Revenue: ₩18 trillion a year (₩1 trillion surplus a year)