South Korea Proposes $17.2 Billion Stimulus to Boost Economy

South Korea Proposes $17.2 Billion Stimulus to Boost Economy

SeongJoon Cho/Bloomberg

A straddle carrier moves a container at the Uiwang Inland Container Depot (ICD) in Uiwang, South Korea. President Park Geun Hye’s government announced plans for a stimulus package on the same day last month it lowered its 2013 growth forecast from 3 percent to 2.3 percent.