Politics8/13/2025Bloomberg

Korea to Spend $150 Billion to Fund President Lee’s Policy Goals

Korea to Spend $150 Billion to Fund President Lee’s Policy Goals

South Korea has announced a massive 210 trillion won ($152 billion) fiscal plan for the years 2026-2030. This plan is aimed at supporting the core policy goals of President Lee Jae Myung. The funding for this initiative will come from a combination of enhanced revenue measures and greater spending efficiency. The government is seeking to generate the necessary resources to implement President Lee's key policy priorities during his term. The plan covers a wide range of areas, including infrastructure development, social welfare programs, and initiatives to boost the country's economic growth. The government is aiming to achieve a balanced approach that addresses both economic and social needs. This large-scale fiscal plan reflects the administration's commitment to addressing the country's challenges and implementing its policy agenda. It remains to be seen how the plan will be executed and what impact it will have on South Korea's overall economic and social landscape.

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