South Korea proposes bigger extra budget of 12 trln won
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FILE PHOTO: South Korean acting President Choi Sang-mok speaks during the 106th Independence Movement Day ceremony at Soongeui Women's University on March 01, 2025 in Seoul, South Korea. Chung Sung-Jun/Pool via REUTERS/File Photo
SEOUL (Reuters) - South Korea will draw up an extra budget of 12 trillion won ($8.45 billion), the finance minister said on Tuesday, up from the previous proposal of 10 trillion won.
The budget will include 4 trillion won for responses to changes in the global trade environment and other spending to support small businesses and those hit by recent natural disasters, Minister Choi Sang-mok said.
As he proposed the budget plan, Choi asked parliament for bipartisan support and the swift passage of it.
($1 = 1,419.4100 won)
(Reporting by Jihoon Lee; Editing by Ed Davies)
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