Archive · 9 Jun 2025
South Korea President Pushes for Swift Extra Budget
President Lee of South Korea wants to help the economy get better.
The economy isn't doing so well right now, so he asked the government to quickly make a plan to spend more money, called a supplementary budget.
This is in addition to money they already planned to spend.
He also wants to make sure prices don't go up too much because it's causing problems for people.
They're looking at what's making things cost more, like food prices, and trying to find ways to help.
President Lee urged officials to quickly draft a supplementary budget.
The South Korean economy contracted in the first quarter.
Lee prioritized economic recovery after taking office.
The extra budget would add to the 13.8 trillion won approved earlier.
Lee wants measures to stabilize prices, citing rising costs.
- Who
- President Lee Jae-myung and government officials.
- What
- President Lee called for a supplementary budget.
- When
- Monday
- Where
- South Korea
- Why
- To support economic recovery and spur consumption.
Government
Public
Price Stability
Government
Monitoring rising costs
Public
Experiencing too much pain
- President
- Lee Jae-myung
- Meeting Purpose
- Economic recovery and consumption
- Meeting Date
- Monday
- First Supplementary Budget
- 13.8 trillion won