South Korea: President Lee unveils $22.1bn stimulus package to revive economy

Jun 21, 2025 - 17:30
South Korea: President Lee unveils $22.1bn stimulus package to revive economy

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South Korean President Lee Jae Myung has unveiled a substantial USD 22.1 billion supplementary budget to invigorate the nation's economy and aid struggling citizens. Approved by the Cabinet, the plan involves new spending and revised revenue projections. A key feature is a universal cash handout, with citizens receiving a minimum of 150,000 won.

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