Back to today’s briefing

Story perspectives

South Korea Unveils 26.2 Trillion Won Budget to Combat Rising Oil Prices

3/31/2026

39 3 Full Breakdown

Summary

Story summary

South Korea proposed a supplementary budget of 26.2 trillion won March 31, 2026 to offset rising oil prices from the Middle East conflict.
The plan designates 10.1 trillion won for high fuel costs, 2.8 trillion for low-income earners, and 2.6 trillion for affected businesses.
Budget Minister Park Hong-keun said swift fiscal support is needed.

1 of 1

Story summary

South Korea proposed a supplementary budget of 26.2 trillion won March 31, 2026 to offset rising oil prices from the Middle East conflict.
The plan designates 10.1 trillion won for high fuel costs, 2.8 trillion for low-income earners, and 2.6 trillion for affected businesses.
Budget Minister Park Hong-keun said swift fiscal support is needed.