South Korean Tax Cuts

According to a recent report from Seoul's Yonhap News Agency, the Asian Tiger South Korea may be considering tax cuts in order to lessen the effect of the American subprime mortgage crisis.

To offset the effects, Yonhap has also quoted officials with the South Korean government suggesting other free-market solutions, such as lifting regulation on business.

This is good news for the Asian Tiger. If only we did things with the efficiency and skill of them -then NZ would be a far better place.