Politics · South Korea · 2 hrs ago
South Korean president seeks public support for 107.2 trillion won budget overhaul
South Korean President Lee Jae-myung called for public support for changes to government spending.
He made the appeal on social media on Nov.
3, after presenting the 2027 budget to parliament the previous day.
The plan would scrap about 2,100 programs and restructure 6,476.
The changes cover 107.2 trillion won in spending, but that figure is not all cash savings; it includes spending cuts and changes to programs.
Lee said some affected groups may oppose reforms because they challenge established interests.
He asked the public to pay attention and support the changes, which he said are needed for the country.
South Korean President Lee Jae-myung called for public support for a 107.2 trillion won overhaul of government spending.
He said the review covered 6,476 programs and included plans to end more than 2,100 programs.
Lee said the overhaul aimed to redirect spending and change existing systems, not simply to save the full amount in cash.
He warned that changes could face resistance from groups whose interests are affected.
Lee outlined the spending changes in a speech to the National Assembly on the 2027 budget.
- Who
- South Korean President Lee Jae-myung.
- What
- He appealed for public support for a 107.2 trillion won spending overhaul.
- When
- November 3; he had presented the 2027 budget the previous day.
- Where
- Lee posted on X; the budget speech was at the National Assembly in Seoul.
- Why
- He said the overhaul was needed to redirect spending and could face resistance from affected interests.
This story does not have two clearly opposing sides.
Lee delivered a speech to the National Assembly on the 2027 budget.
Lee shared a post on X and called for public attention and help with the spending overhaul.
- Spending adjustment
- 107.2 trillion won
- Programs to be ended
- More than 2,100
- Programs to be adjusted
- 6,476
- Budget year
- 2027
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What people are saying
국민 여러분의 관심과 도움이 필요하다
개혁은 그래서 어렵다. 관심과 지원 부탁드린다