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South Korea Proposes $26.2 Trillion Budget for Economic Relief

4/2/2026

Summary

Story summary

South Korean President Lee Jae Myung urged parliament to pass a 26.2 trillion won supplementary budget to address economic challenges from the Middle East crisis.
He urged energy conservation as prices rise.
The package would support vulnerable households and stabilize supply chains through more than 10 trillion won for high energy costs.
Officials expect growth of 0.2 percentage points with minimal inflation as lawmakers prepare to vote by April 10.

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Story summary

South Korean President Lee Jae Myung urged parliament to pass a 26.2 trillion won supplementary budget to address economic challenges from the Middle East crisis.
He urged energy conservation as prices rise.
The package would support vulnerable households and stabilize supply chains through more than 10 trillion won for high energy costs.
Officials expect growth of 0.2 percentage points with minimal inflation as lawmakers prepare to vote by April 10.