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South Korea Approves $23.3 Billion Budget Amid Controversy

7/6/2025

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Summary

Story summary

On July 4, South Korea's parliamentary subcommittee greenlit a massive 31.8 trillion won (US$23.3 billion) extra budget bill, championed by the ruling Democratic Party (DP). Despite fierce opposition from the People Power Party (PPP), who staged a walkout, the DP is determined to push the bill through, aiming to deliver much-needed cash handouts amidst ongoing disputes.

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Story summary

On July 4, South Korea's parliamentary subcommittee greenlit a massive 31.8 trillion won (US$23.3 billion) extra budget bill, championed by the ruling Democratic Party (DP). Despite fierce opposition from the People Power Party (PPP), who staged a walkout, the DP is determined to push the bill through, aiming to deliver much-needed cash handouts amidst ongoing disputes.