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South Korea's Lee Urges Parliament to Approve 'Supplementary Budget' to Boost Economy
6 Articles
6 Articles
South Korea's Lee urges parliament to approve 'supplementary budget' to boost economy
South Korean President Lee Jae-myung spoke to parliament this Thursday for the first time since taking office, and asked the legislature to approve a 30.5 trillion won (€19.2 billion) supplementary budget aimed at reviving the economy. US President Donald Trump's tariff war has hit South Korea's export-driven economy hard, with GDP growth forecasts for 2025 recently slashed from 1.5 percent to 0.8 percent. Also in this edition: cabling thefts in…
(Seoul = Yonhap News) Reporter Lim Hyeong-seop = President Lee Jae-myung said on the 26th regarding the government's supplementary budget plan, "There is an old adage that says 'the economy is about timing'...
President appeals to assembly for swift passage of supplementary budget
President Lee Jae Myung, in his first address to the National Assembly since taking office in early June, urged lawmakers to swiftly pass a 30.5 trillion won ($22.4 billion) supplementary budget to jump-start the economy and bolster support for vulnerable communities. Appealing for bipartisan unity, the president cast the supplementary budget as a vital tool to confront economic headwinds and safeguard social cohesion. "It is irresponsible for a…
Ruling and opposition party meeting without results… Standing committee discussions ‘in place’
South Korea’s Leader Pushes for $22.5 Billion Budget to Address Economic Challenges
South Korea’s President, Lee Jae-myung, urged the National Assembly on June 25 to approve a 30 trillion won ($22.5 billion) supplementary budget to tackle economic slowdown and rising unemployment. The proposal, submitted on June 20, allocates 15 trillion won for 500,000 new jobs, 5 trillion won for small and medium enterprises, and 3 trillion won for infrastructure.South Korea’s economy grew 2.3% in Q1 2025, down from 3% in 2024, with unemploym…
[Seoul = Newsis] Reporters Lee Jae-woo and Cho Jae-wan = President Lee Jae-myung visited the National Assembly on the 26th to deliver a policy speech on the second supplementary budget for 2025. At 10 a.m. that day, President Lee delivered his first government policy speech on the supplementary budget since taking office at the National Assembly plenary session. Before delivering the policy speech, President Lee met with National Assembly Speake…
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- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
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