South Korea approved budget to boost economy

latimes.com [$]

South Korea's parliament approved a $23.3 billion extra budget to stimulate the economy, aiming to counter weak consumption and potential US tariffs. The budget, larger than initially proposed, includes funds for cash handouts and addresses revenue shortfalls. This move comes as the country faces trade risks and a looming tariff deadline with the US. The stimulus package is the first under the new president and follows a previous budget earlier this year. Trade negotiations with the US are ongoing, with tariffs potentially increasing if a deal isn't reached.


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South Korea approved budget to boost economy | News Minimalist