Tag: government spending

government spending

Latest News

A troubling 43 trillion won bet on welcoming youth (KOR)

A $41.5 billion youth support plan may ease hardship, but critics argue jobs and housing access offer a stronger path to independence.

2026.9.3

A troubling 43 trillion won bet on welcoming youth

A $41.5 billion youth support plan may ease hardship, but critics argue jobs and housing access offer a stronger path to independence.

2026.9.2

Government spending risks undermining BOK rate hikes (KOR)

As the Bank of Korea raises rates to curb inflation, planned fiscal expansion risks keeping borrowing costs higher for longer.

2026.8.27

Finance Minister Choo Kyung-ho gives a briefing on the 2023 government budget proposal at the government complex in Sejong on Thursday. [YONHAP]

639-trillion-won 2023 budget proposed by Yoon government

The increase is the smallest since the 3.7 percent increase in 2017. When supplementary budgets are included, 2023's budget is lower than 2022's. If would be the first drop in 13 years, unless extra budgets are passed next year.

2022.8.30

Finance Minister Hong Nam-ki, at the National Assembly in Yeouido on Tuesday where the National Assembly lawmakers are questioning on next year's budget. [YONHAP]

National debt climbs to a record 800 trillion won

The government accumulated total debt of 800 trillion won ($715 billion), boosted this year by aggressive spending to battle the economic downturn caused by the coronavirus pandemic.

2020.11.10

Credit ratings matter

The Moon Jae-in administration’s emergency relief grants have been doled out. The money should be a godsend to those without jobs and regular incomes. They can at least buy food and necessities from stores. But that aid could end up a drop...

2020.5.20

Tag: government spending

government spending

Latest News

A troubling 43 trillion won bet on welcoming youth (KOR)

A troubling 43 trillion won bet on welcoming youth

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Government spending risks undermining BOK rate hikes (KOR)

639-trillion-won 2023 budget proposed by Yoon government

National debt climbs to a record 800 trillion won

Credit ratings matter