Lee Jae Myung delivers first budget speech to parliament

sacadmin

News Image

  • Lee Jae Myung delivers first budget speech to parliament

South Korea's President Lee Jae Myung on Thursday called on parliament to approve a $22.5 billion supplementary budget aimed at reviving the economy, in his first address to MPs since taking office.

"Timing is everything when it comes to the economy, and now is the time to act," Lee told lawmakers in the main chamber of parliament. "To overcome the downturn and restore livelihoods, they have drafted a supplementary budget totaling 30.5 trillion won," he said, adding the package was designed for swift implementation.

mitv

EN-News-Category
Political news
Political-International news

Related News

Putin holds video conference with members of Russian government
Putin holds video conference with members of Russian government
Russian President Putin held a virtual meeting with members of the government, at which negotiations with Ukraine in Istanbul were not discussed. The main topics of the meeting include the development of the "Zemsky program" for doctors, a report on the results of the Innoprom-2025 industrial exhibition and expansion of digital services on the government services portal "Gosuslugi".mitv 
Thu, 24-Jul-2025
Russia, Ukraine conduct prisoner swap amid new round of talks
Russia, Ukraine conduct prisoner swap amid new round of talks
Russia and Ukraine on Wednesday exchanged prisoners of conflict as delegations of the two countries held their third round of direct talks in the city of Istanbul, Türkiye.The swap was conducted in accordance with the agreements both sides reached during their last talks on June 2 in Istanbul, the Russian defense ministry said in a statement. The Russian servicemen are in Belarus and will be transported to Russia for treatment and rehabilitation in military medical institutions, it added.Russia and Ukraine held two rounds of direct talks on May 16 and June 2 in Istanbul. During the second round, they agreed on an "all-for-all" exchange of seriously ill and wounded prisoners, and soldiers under the age of 25, as well as the transfer of the bodies of fallen soldiers. More than 1,000 Ukrainian servicemen have returned home in accordance with the Istanbul agreements, according to Ukraine's Coordination Headquarters for the Treatment of Prisoners of War.mitv
Thu, 24-Jul-2025
Italian PM Meloni meets with Algerian President Tebboune in Rome
Italian PM Meloni meets with Algerian President Tebboune in Rome
Italian Prime Minister Giorgia Meloni on Wednesday welcomed Algerian President Abdelmadjid Tebboune to Rome for a summit.The meeting took place two weeks after Algeria's state-run hydrocarbon company and the Italian energy company signed a production sharing contract worth $1.35 billion to explore and develop hydrocarbons in southeastern Algeria. The 30-year contract covers the exploration and exploitation of hydrocarbons in the Zemoul El Kbar contract area, in the Berkine Basin.mitv
Thu, 24-Jul-2025
Approval for Party Formation: UEC approved PNDP to form political party
Approval for Party Formation: UEC approved PNDP to form political party
Individuals intending to establish political parties have been applying to the Union Election Commission (UEC), stating the names of the parties they wish to form.As of July 23rd, a total of 27 groups have submitted applications for party formation. Among these, the Pa-O National Development Party was found to be in compliance with the Political Parties Registration Law and By-laws. Therefore, the Commission has approved its application to establish a political party on 23rd of July.The Pa-O National Development Party, which has now received approval to establish itself, must apply for official registration as a political party within 30 days from the date of approval, in accordance with Section 7 of the Political Parties Registration Rules. As of 23rd of July, a total of 22 political parties have been granted establishment approval.mitv
Thu, 24-Jul-2025
Japanese PM Ishiba
Japanese PM Ishiba
US President Donald Trump announced a deal with Japan on Tuesday on social media. He says the reciprocal tariffs will be 15 percent. Japan’s Prime Minister Ishiba Shigeru also spoke about the deal. Ishiba says US and Japan have been negotiating to protect national interests since February and they’ve been engaged in intense negotiations to protect automobiles and other sectors.Japan and the US will work together to create employment and quality goods and will contribute to the international community in various ways, he added.mitv
Wed, 23-Jul-2025
Prime Minister Modi to embark on 2-nation visit on July 23
Prime Minister Modi to embark on 2-nation visit on July 23
At the invitation of UK Prime Minister Keir Starmer, Indian Prime Minister Narendra Modi will pay an official visit to the United Kingdom from 23rd to 24th July. Foreign Secretary of the Indian Ministry of External Affairs said Tuesday that high-level talks would deepen bilateral relations.As the UK is the sixth largest investor in India, Modi will hold wide ranging discussions with Starmer on the India-UK bilateral relations. In the second leg of his visit, Modi will visit Maldives from 25th to 26th July.mitv
Wed, 23-Jul-2025
© Copyright 2024 SAC All Rights Reserved.