Bartering the budget for favorable rulings

The DP is also bent on flattering the judiciary.

2024-11-11

Yoon urges lawmakers to approve budget proposal in address delivered by prime minister

President Yoon Suk Yeol urged lawmakers to swiftly approve the government's 2025 budget proposal in a parliamentary address Monday, highlighting provisions to support public livelihoods and promote structural reports for future growth.

2024-11-04

The rough way ahead

After the president decided to not appear before the legislature to deliver a speech asking for the opposition's help in approving next year’s budget plan, the party has prepared stronger attacks just in case he changes his mind at the last minute.

2024-11-03

Seoul city's $35B budget to address birthrate, health and safety issues

The Seoul Metropolitan Government has drawn up an annual budget of 48.4 trillion won ($35.1 billion) for next year, with a fiscal focus on addressing the city's low birthrate and enhancing policies to protect citizens' health and safety.

2024-10-31

Budget speech for next year is the leader’s duty (KOR)

If the president avoids the budget speech this time, it will inflict serious damage on his leadership.

2024-10-31

Budget speech for next year is the leader’s duty

If the president avoids the budget speech this time, it will inflict serious damage on his leadership.

2024-10-30

Gov't to tap funds, slash subsidies to offset massive tax revenue shortfall

The Ministry of Economy and Finance said Monday that the government will utilize foreign exchange equalization funds and other resources available while slashing local subsidies to deal with the expected massive tax revenue shortfall this year.

2024-10-28

Foreign Ministry budget proposal includes 40-fold increase in APEC summit funding

The Korean government increased its budget for hosting next year's Asia-Pacific Economic Cooperation (APEC) summit 40-fold from this year's allocation, earmarking over 100 billion won ($74.8 million).

2024-08-29

Deregulation can help offset a budget cut

The Yoon administration must embark on a strong battle against stifling regulations.

2024-08-27

South Korea's defense budget to surpass 60 trillion won as regional tensions increase

South Korea's defense budget for 2025 has been set at over 60 trillion won ($45.5 billion) for the first time ever, reflecting the government's focus on key military initiatives.