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South Korea to submit supplementary budget this month

Friday, January 14, 2022
South Korea to submit supplementary budget this month © Reuters. FILE PHOTO: The skyline of central Seoul is seen during sunrise in Seoul September 2, 2013. REUTERS/Lee Jae-Won

SEOUL (Reuters) - South Korea's prime minister said on Friday the government will submit a supplementary budget to the national parliament aimed at boosting small firms and the self-employed before the country's Lunar New Year holiday from Jan. 31 to Feb. 2.

"The country has decided to draw up a supplementary budget to closely support small business owners and self-employed people by making use of excess tax generated last year and other available financial resources," Prime Minister Kim Boo-kyum said, without disclosing further details.

The announcement comes a month after the parliament approved a record 607.7 trillion won ($512 billion) budget for this year.

($1 = 1,186.1000 won)

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27-01-2022 03:17:45 (UTC+7)

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 GBP/USD1.3413↑ Sell
 USD/JPY114.86↑ Buy
 AUD/USD0.7071↑ Buy
 USD/CAD1.2710↑ Sell
 EUR/JPY128.62↑ Buy
 EUR/CHF1.0380↑ Buy
 Gold1,809.30↑ Sell
 Silver23.170↑ Sell
 Copper4.4520↑ Buy
 Crude Oil WTI87.23↑ Buy
 Brent Oil88.64↑ Buy
 Natural Gas4.098Sell
 US Coffee C238.13↑ Sell
 Euro Stoxx 504,114.05Neutral
 S&P 5004,349.93↑ Buy
 DAX15,260.15Neutral
 FTSE 1007,449.90Neutral
 Hang Seng23,702.87↑ Sell
 Small Cap 20001,971.72Neutral
 IBEX 358,579.99Neutral
 BASF67.400Neutral
 Bayer51.36↑ Buy
 Allianz224.10Buy
 Adidas241.25↑ Sell
 Lufthansa6.941↑ Sell
 Siemens AG139.28↑ Sell
 Deutsche Bank AG11.780↑ Buy
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