SEOUL (Reuters) – South Korea will draw up an extra budget of 12 trillion won ($8.45 billion), the finance minister said on Tuesday, up from the previous proposal of 10 trillion won.
The budget will include 4 trillion won for responses to changes in the global trade environment and other spending to support small businesses and those hit by recent natural disasters, Minister Choi Sang-mok said.
As he proposed the budget plan, Choi asked parliament for bipartisan support and the swift passage of it.
($1 = 1,419.4100 won)
(Reporting by Jihoon Lee; Editing by Ed Davies)
