SITUATION REPORT

South Korea: Yoon Pledges Fiscal Prudence, Increased Household Support in Budget Speech

Oct 31, 2023 | 20:40 GMT

In a budget address delivered on Oct. 31, South Korean President Yoon Suk-yeol doubled down on tight monetary and fiscal policy, while also pledging to stabilize prices and improve people's livelihoods via better welfare services, reduced transportation costs and increased youth employment, Yonhap reported the same day....

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