S. Korean gov’t proposes 2017 budget in excess of W400tr
Aug. 30, 2016
[THE INVESTOR] The South Korean government aims for a 3.7 percent increase in its spending next year to push the annual budget above the 400 trillion won (US$358 billion) mark for the first time, the Finance Ministry said on Aug. 30.The proposed 2017 budget calls for boosting spending on job creation, education, defense, and culture and tourism by 10.7 percent, 6.1 percent, 4 percent and 6.9 percent, respectively, as the government will reinforce its bid to jump-start Asia’s fourth-largest econo