Hannam-dong in Seoul

Hannam-dong in Seoul

Woohae Cho/Bloomberg

A woman walks past graffiti on a wall in the area of Hannam-dong in Seoul. South Korea’s fiscal deficit will widen to 1.8 percent of gross domestic product in 2013 from 1.4 percent last year, the government forecast in May when the parliament approved an extra budget to help spur growth.