South Korea Plans $28 Billion in Third Extra Budget, Official Says
A woman holding an umbrella crosses a road in Seoul on June 2.
Photographer: Jung Yeon-Je/AFP via Getty Images
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South Korea plans its largest supplementary budget yet as the nation seeks to shore up a slumping economy and lay the groundwork for post-pandemic growth.
The government will submit a 35.3 trillion won ($28 billion) extra budget to parliament soon, senior presidential secretary Kang Ki-jung said Tuesday during a meeting with opposition party officials, according to footage from Yonhap TV.