More discounted movie tickets, support measures for Korea’s culture sector as 461.4 billion won supplementary budget passes

A supplementary budget of 461.4 billion won ($310 million) has been approved for the Ministry of Culture, Sports and Tourism to minimize damage to the industry amid economic uncertainty stemming from the Iran war.

2026-04-12

Low-to-mid-income households set for payout in bid to offset oil price surge

The government will give up to 600,000 won ($400) per person to lower- and middle-income households as part of a supplementary budget to offset surging oil prices. The government approved the 2026 supplementary budget plan totaling 26.2 trillion won.

2026-03-31

DP says supplementary budget expected to be passed on April 10

The Democratic Party said Sunday it plans to pass a supplementary budget bill at a parliamentary plenary session next month, as Korea seeks to cushion the impact of the Middle East crisis.

2026-03-22

Vouchers for the people mean debt for local governments

As the government prepares to distribute a second round of consumption vouchers next month, local governments say they are straining to find the money to cover their share of the stimulus funds amid a fall in tax revenues.

2025-08-29

PPP lawmaker under fire for posting that Busan residents don't need consumer vouchers

Rep. Park Soo-young of the PPP, a two-term lawmaker representing Busan’s Nam District, is facing heavy criticism after posting on Facebook that Busan residents don’t need consumer coupons offered through the new supplementary budget bill.

2025-07-07

Parliament passes $23B supplementary budget to revitalize economy, noncapital areas

The National Assembly approved a supplementary budget totaling 31.8 trillion won to support such initiatives as consumer coupons aimed at revitalizing the economy in noncapital and depopulated regions.

2025-07-05

Democratic Party unilaterally passes supplementary budget at 31.8 trillion won

The Democratic Party on Friday unilaterally passed a supplementary budget bill including funding for consumer vouchers intended to help revive the economy.

2025-07-04

Assembly committee approves $9.75B supplementary budget for consumption initiative

The National Assembly's Public Administration and Security Committee approved a supplementary budget bill totaling 13.2 trillion won ($9.75 billion) for the issuance of livelihood recovery consumption vouchers with bipartisan agreement.

2025-07-01

National Assembly committee approves $9.75B plan to help boost domestic consumption

The National Assembly’s Public Administration and Security Committee on Tuesday approved a supplementary budget plan worth 13.2 trillion won ($9.75 billion) to fund consumer coupons aimed at revitalizing domestic consumption.