Lee Jae Myung Calls for Swift Execution of $23.3-Billion Won Extra Budget to Boost Economy

Lee Jae Myung calls for swift execution of $23.3-billion won extra budget to boost economy

President Lee Jae Myung urged the government Saturday to swiftly execute the 31.8 trillion-won ($23.3 billion) extra budget to help stimulate the sluggish economy amid economic challenges. His remarks came during a Cabinet meeting he presided over to approve the budget, which exceeds the government's initial proposal of 30.5 trillion won. The approval followed the budget's passage by the National Assembly the previous day. "The new government's …

South Korea Passes Expanded Extra Budget Before Tariff Deadline

South Korea’s parliament approved a 31.8 trillion won ($23.3 billion) extra budget as new President Lee Jae Myung seeks to revive an economy struggling with weak consumption and mounting trade risks from US tariffs.

South Korea passes expanded extra budget before tariff deadline

South Korea’s parliament approved a 31.8 trillion won (S$30 billion) extra budget as new President Lee Jae Myung seeks to revive an economy struggling with weak consumption and mounting trade risks from US tariffs.