Special Report: Global Financial Crisis

    SEOUL, Nov. 20 (Xinhua) -- South Korea's Finance Ministry predicted Thursday that the country's internal tax revenues next year will be 143.65 trillion won (99.3 billion U.S. dollars), 2 percent lower from an earlier forecast.

    The income tax projection was lowered by 3.7 percent to 41.3 trillion won (28.5 billion U.S. dollars), while that of corporate tax revenues dropped 3.5 percent to 37.88 trillion won (26.2 billion U.S. dollars), it added.

    The adjustment comes as household income and corporate profits are expected to decline amid prolonged financial instability stemming from the United States.