Korean Cabinet OKs W11tr supplementary budget
Jul 22, 2016
[THE INVESTOR] The Cabinet on July 22 approved an 11 trillion won (US$9.7 billion) supplementary budget to fund the government’s economic stimulus measures. Along with the supplementary budget, the government plans to increase investment and spending by state-run companies and financial institutions to roll out economic stimulus measures to the scale of 28 trillion won. The supplementary budget will be submitted to the National Assembly on July 26. The bill will then be reviewed by concerned co