President Moon Jae-in on Wednesday faced outraged lawmakers from the main opposition party during his budget speech at the National Assembly, who fiercely objected to the Presidential Security Service frisking their floor leader.
President Moon Jae-in is scheduled to deliver a budget speech at the National Assembly on Wednesday, the Blue House said Tuesday.
Debt-laden Eastar Jet is laying off more than 600 employees on Wednesday, half of the remaining 1,200 workers at the budget airline.
The Moon Jae-in administration has proposed a rule aimed at limiting the debt-to-GDP ratio to 60 percent and the consolidated budget balance below 3 percent. The rule would mandate the government devise measures to solidify...
The government vowed to quickly spend the fourth supplementary budget of 7.8 trillion won ($6.9 billion) that was approved by the National Assembly late Tuesday.
The ruling Democratic Party and opposition People Power Party both made compromises on a fourth supplementary budget of 7.8 trillion won ($6.9 billion), coming one step closer to a final deal
Finance Minister Hong Nam-ki defended the government's spending in the National Assembly, saying more debt was unavoidable in the fight against the Covid-19 pandemic.
As the Covid-19 crisis continues, the Moon Jae-in administration paid up to 1 million won ($844) in emergency relief grants to all Korean households in May. Now, the government has proposed its fourth supplementary budget of 7.8...
Prime Minister Chung Sye-kyun on Monday requested the National Assembly's swift approval of an extra budget worth 7.8 trillion won ($6.6 billion) proposed to cushion the economic fallout from the Covid-19 pandemic.
Every time the government announces a new spending plan, people become fretful. A fourth supplementary budget passed by the cabinet raises questions of reliability and effectiveness of the spending. The Moon Jae-in administration...