Yoon's fiscal pledges collide with South Korea's low-growth reality

President grapples with slow economy months ahead of key elections

20231031 South Korea National Assembly

South Korean President Yoon Suk Yeol gives a speech on the government budget at the National Assembly in Seoul on Oct. 31.  © Reuters

STEVEN BOROWIEC, Nikkei staff writer

SEOUL -- South Korea's president has reiterated plans to rein in fiscal spending, but experts say the government will need to maintain or increase outlays to fuel growth and avoid political fallout.

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