Green Party

(2027 South Korean Presidential Election)

(Draft Bill)

South Korea to join the EU

Democratic United Korea with South Korean law

€3500 monthly Basic Income per citizen under a €42,000 yearly income

€25 an hour minimum wage (including gig work)

20% consolidated flat tax over €12,000 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 imports

VAT tax registration over €12,000 a year

Sole trader registration over €12,000 a year

Open border immigration is legalized

Naturalization fees are abolished

Recreational drugs are decriminalized

Estimated Revenue: €1 trillion a year (€100 billion surplus a year)