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... narrowly avoided a crisis.”

“Yes, Your Majesty.”

Upon King Sejong’s evaluation, all the ministers nodded in agreement.

***

Ever since the tax reform had begun, the expenses of the Joseon government had been steadily increasing. The numbers of officials and professional soldiers had been growing—albeit gradually—and there were large expenditures for mines and steel mills.

The problem was that the rate of increase in tax revenue, the most critical source of ...

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