The government’s proposal of maintaining a tight budget in 2025 illustrated its commitment to fiscal policy normalization amid the tax revenue shortfall, but calls for greater fiscal policy roles have also grown in the

South Korea has increased funding for North Korean defectors to support their early settlement as part of its budget proposal for next year, in line with its new unification blueprint.

The unification ministry’s budget

The government earmarked 29.7 trillion won (US$22.3 billion) in the budget for research and development (R and D) projects in 2025, officials said Tuesday.

Next year’s R and D budget marks a 11.8 percent

The following is the gist of the state budget of 677.4 trillion won (US$509.71 billion) proposed by the finance ministry for 2025 on Tuesday, which marks a 3.2 percent on-year increase. The government also

Former President Donald Trump wanted South Korea to cover all costs for the stationing of the U.S. Forces Korea (USFK) at a key military base as well as a “profit margin” during his presidency,