SEOUL, Dec. 10 (Korea Bizwire) — The leader of the main opposition party said Tuesday his party would pass the downsized budget bill for next year through a plenary session later in the day, adding that passage of the budget bill could help ease political uncertainties triggered by President Yoon Suk Yeol’s botched martial law [...]
SEOUL, Dec. 24 (Korea Bizwire) — The National Assembly on Saturday passed the 638.7 trillion won (US$497 billion) of government budget for 2023 as well as bills to cut corporate tax rate and delay financial investment income tax amid signs of economic slowdown. The ruling People Power Party (PPP) and the main opposition Democratic Party [...]
SEOUL, Dec. 4 (Korea Bizwire) — The National Assembly passed the 2022 government budget Friday, a record high amount of 607.7 trillion won (US$516.3 billion) to cope with the economic fallout of the COVID-19 pandemic and other expenses. The bill’s passage came a day after the legal deadline, as last-minute negotiations between the ruling Democratic [...]