South Korean lawmakers are locking horns again… over the government’s multi-billion dollar supplementary budget plan… that was slated to be put up for a vote on Monday. Park Ji-won has the latest from the National Assembly. The ruling Saenuri Party…
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Gov’t may use supplementary budget to try to solve S. Korea’s job crisis
The government is announcing new measures today aimed at getting more young Koreans into high-quality jobs. The finance ministry says it’s considering granting allowances to young jobseekers and even using the supplementary budget to try to drag down the high…
Political parties mired in deadlock over passage of $9.8 bil. supplementary budget
Turning our focus to the pending bill on the nation’s supplementary budget. Despite an agreement among Korea’s three major parties to pass it by today,… a conclusion remains out of reach. Our senior political correspondent Park Ji-won has the latest…
Impact of supplementary budget to be spread across various initiatives from jobs to childcare
The nine-point-eight billion U.S. dollar extra budget bill that finally passed the National Assembly on Saturday… is expected to bring changes on various fronts — from job creation to childcare. Our Oh Jung-hee brings us some of the specifics. The…
Parliament resumes session, passing much-awaited supplementary budget bill
Meanwhile… back here in Seoul… The National Assembly agreed to get back to work a few hours ago… after two days of halt in legislative affairs. That means… the long-stalled multi-billion dollar budget supplement aimed at breathing life back into…
Gov’t may draw up additional supplementary budget next year: Finance Minister
Korea’s top economic policymaker says the government may draw up an additional supplementary budget, should the next year’s economic growth hover below the mid-two percent range. According to Finance Minister Yoo Il-ho during a Strategy and Finance Committee meeting at…
Supplementary budget and reforming labor market dominates tripartite meeting 고
President Park Geun－hye′s top aides， top government officials， and leaders′ of the ruling Saenuri Party held a three－way policy meeting this evening，… the first of its kind in more than two months. It also marks the first such meeting since…
Gov′t， ruling party to submit supplementary budget bill next Monday 추경 15조원 규모
The government and the ruling Saenuri Party have decided to seek support for a supplementary budget bill to help ease the economic fallout from the MERS outbreak and a nationwide drought. Korea′s finance minister Choi Kyung－hwan told lawmakers on Wednesday…
Finance minister vows to speed up supplementary budget proposal
Korea’s finance minister said the government will try to get its budget supplement submitted to the parliament by the end of this month. Shin Se-min outlines how the multi-billion dollar injection will be very much needed alongside reform efforts. Korea’s…
Ruling party, gov’t agree on need to allocate supplementary budget this year
The ruling Saenuri Party and the government have agreed on the need for a significant supplementary budget this year. Meeting at the National Assembly on Tuesday,… ruling party officials asked the government to seriously consider allocating extra funds for youth…