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Korean Presidential Candidate Moon Vows 10 Trillion Won Stimulus

  • Moon comes out ahead of Ahn with figure for extra budget
  • Ahn and Moon face off in May 9 election after Park impeached

South Korean presidential front-runner Moon Jae-in vowed to implement a 10 trillion won ($8.9 billion) extra budget to foster areas including job creation, startup firms and small to mid-sized companies.

The number is broadly in line with expectations from private economists and follows Bank of Korea Governor Lee Ju-yeol saying earlier this year that fiscal spending wasn’t accommodative enough.