South Korea's Lee pushes stimulus package to revive main street

Much of extra $22bn budget will go to cash handouts, support for small businesses

20250626 Lee Jae Myung

South Korean President Lee Jae Myung delivers a speech on the second supplementary budget proposal for 2025 at the National Assembly in Seoul on June 26. © Reuters

STEVEN BOROWIEC

SEOUL -- South Korea's president on Thursday detailed plans for an extra budget that he described as key to the country's efforts to break out of a prolonged economic slump.

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