An additional US$14.8 billion to boost the South Korean economy?

In South Korea (population in 2024: 30 million), the government proposed on June 19 a second budget of US$14.8 billion to stimulate consumption in the country, which has been sluggish for a year. This measure, the first taken by the new Lee Jae-Myung administration, which took office two weeks earlier, complements a US$10 billion plan passed in May 2025. The package provides for the distribution of consumer coupons (US$7.5 billion) and gift vouchers (US$720 million) to be used in...