The government will execute 85 percent of its supplementary budget within the first half of this year, in an effort to help boost consumer spending and revitalize the economy as the Middle East crisis continues to weigh on energy costs and supply chains. Government officials and members of the ruling Democratic Party of Korea announced Monday that they are pushing to front-load spending and roll out relief measures for households. As part of the scheme, the government will accelerate the execution of a 26.2 trillion won ($17.7 billion) supplementary budget passed earlier this month, in order to deliver support quickly to households and businesses. “The supplementary budget must be implemented swiftly to ensure it reaches those who need it without delay,” said Rep. Ahn Do-geol, a senior lawmaker involved in the discussions. Alongside the spending plan, officials are also preparing to lower vehicle insurance premiums, citing reduced driving under emergency traffic restrictions. As the energy supply has become unstable, the government implemented a two-day vehicle rotation system for th
Gov’t to spend 85% of supplementary budget by June
in News
Related Posts
Latest News from Korea
- Mother faces child abuse charges over feeding rice cake soup to 2-month-old
A Korean woman in her 30s has been referred to prosecutors on child abuse charges after allegedly feeding her two-month-old infant tteokguk (rice cake soup), with the case coming to light through photos she posted online. The dish, commonly eaten to mark the new year in Korea, is considered inappropriate for infants, whose digestive systems are not yet developed enough… Read more: Mother faces child abuse charges over feeding rice cake soup to 2-month-old - ABT Studio Company’s Korean ballet dancers headline Seoul performancesThe American Ballet Theatre (ABT) Studio Company will present a gala performance in Seoul, April 17-18. Based in New York, the company has produced about 85 percent of the dancers in the prestigious American Ballet Theatre (ABT). Korean dancers Park Soo-ha, Park Geon-hee and Park Youn-jae are set to star in the performances at Mapo Arts Center. At a press… Read more: ABT Studio Company’s Korean ballet dancers headline Seoul performances
- Biz outlook for manufacturing sector remains pessimistic in Q2: surveyKorea’s manufacturing sector is expected to remain sluggish in the second quarter, a survey showed Friday. The business survey index (BSI) of the country’s top 1,500 manufacturing companies by sales for the April-June period remained unchanged from the previous quarter at 93, according to the Korea Institute for Industrial Economics & Trade (KIET). A reading below 100 means pessimists outnumber… Read more: Biz outlook for manufacturing sector remains pessimistic in Q2: survey
- What is BTS eating for preconcert energy boost?Click here for more articles by Kormedi.com. BTS has recently unveiled their secret to a quick preconcert energy boost — honey. Photos shared by members V and J-Hope on social media show the group consuming honey while preparing for a recent concert in Goyang. V and J-Hope were seated at a small table backstage, while Jin is seen eating a… Read more: What is BTS eating for preconcert energy boost?
- Moon Chae-won joins trend of surprise weddings to noncelebritiesSurprise wedding announcements are rapidly replacing public dating for Korea’s top actresses. Actor Moon Chae-won’s agency accounced Wednesday she is marrying her noncelebrity partner this June in a private ceremony, with attendance limited to family and close relatives. Moon also shared the news directly through her social media account. “I am getting married this June,” Moon said. She added that… Read more: Moon Chae-won joins trend of surprise weddings to noncelebrities
Latest Entertainment from Korea
- LE’V Steps Into the Light: “Spotlight Soul” Captures the Artistry, Growth, and Glow of a New Era in the 2026 Season’s Greetings CollectionPhoto Credits: CHROMOSOME LE’V Illuminates 2026 with “Spotlight Soul” LE’V enters 2026 with a statement that feels both cinematic and deeply personal. His Season’s Greetings “Spotlight Soul” concept photos reveal a striking evolution — one that merges emotional depth with artistic clarity. The project, released as a collector’s visual experience, celebrates not just another year but LE’V’s firm grasp on identity, craft,… Read more: LE’V Steps Into the Light: “Spotlight Soul” Captures the Artistry, Growth, and Glow of a New Era in the 2026 Season’s Greetings Collection
- KiiiKiii Leesol & Haum Illuminate SPUR x Dior Addict’s January 2026 Issue with Daring Light, Sensual Motion, and New Beauty CodesPhoto Credits: SPUR Dior Starship Entertainment A New Year, A New Iconic Pairing SPUR Magazine opens 2026 with a collaboration that feels both intimate and electric. The January 2026 Issue Pictorial Preview showcases KiiiKiii Leesol and Haum in a visual dialogue infused with Dior Addict’s luminous rebellion. Titled “Light Moves: The Addict State of Mind”, the spread captures the interplay of motion, reflection, and self-definition—a signal… Read more: KiiiKiii Leesol & Haum Illuminate SPUR x Dior Addict’s January 2026 Issue with Daring Light, Sensual Motion, and New Beauty Codes
- Breaking Boundaries: ifeye × KITTO Taiwan Redefine Visual Storytelling in the January 2026 Pictorial — A Fusion of Innovation & IdentityPhoto Credits: Hi-Hat Entertainment The Convergence of Vision and Identity The January 2026 Pictorial from ifeye × KITTO Taiwan marks a defining moment in East Asian creative media. Framed as both a celebration and an evolution, the collaboration bridges art direction, fashion narrative, and technological fluidity to capture a new generation’s pulse. More than a photoshoot, this issue acts as a visual manifesto—an exploration of… Read more: Breaking Boundaries: ifeye × KITTO Taiwan Redefine Visual Storytelling in the January 2026 Pictorial — A Fusion of Innovation & Identity
- Xiaoting in Full Bloom: Kep1er’s Shining Star Redefines Power, Grace, and Global Glamour in Wonderland China’s January 2026 Cover StoryPhoto Credits: KLAP ENTERTAINMENT Kep1er’s Xiaoting Captures the Moment Kep1er’s Shen Xiaoting steps into 2026 as a muse of modern elegance, fronting the January 2026 Wonderland China cover with an aura that’s both futuristic and fiercely grounded. As one of the brightest stars of her generation, Xiaoting embodies the balance between aspiration and artistry that defines global pop’s next chapter. “Confidence is not just… Read more: Xiaoting in Full Bloom: Kep1er’s Shining Star Redefines Power, Grace, and Global Glamour in Wonderland China’s January 2026 Cover Story
- BTS’s V Radiates Timeless Charisma in GQ Korea x Cartier’s February 2026 Cover: A Monument to Modern Elegance and Emotional PrecisionPhoto Credits: GQ Korea – Cartier – BigHit Music. – BTS V x Cartier: The Sound of Stillness and Strength For GQ Korea’s February 2026 issue, the cover unfolds like a cinematic confession. BTS’s V (Kim Taehyung)—known for his magnetic duality of mystery and warmth—joins forces with Cartier, the house synonymous with precision, artistry, and legacy. Together, they create a visual symphony that celebrates… Read more: BTS’s V Radiates Timeless Charisma in GQ Korea x Cartier’s February 2026 Cover: A Monument to Modern Elegance and Emotional Precision
Learn People & History of Korea
- The Evolution of Busan: A Historical Journey Through South Korea’s Second Largest Metropolitan CityAncient Beginnings: The Founding of Busan Busan, known as the second largest metropolitan city in South Korea, has a rich history that dates back to ancient times. The earliest recorded existence of Busan can be traced to the Goryeo Dynasty, where it was referenced as a vital coastal settlement. Its strategic location along the southeastern coast of the Korean Peninsula… Read more: The Evolution of Busan: A Historical Journey Through South Korea’s Second Largest Metropolitan City
- The Evolution of Pyongyang: A Journey Through History, Economy, and Political DynamicsIntroduction to Pyongyang Pyongyang, the capital city of North Korea, serves as a prominent symbol of the nation’s history and culture. Geographically located on the banks of the Taedong River, in the southwest part of the country, Pyongyang is situated within a strategic area that has historically facilitated trade and cultural exchange. The city’s origins can be traced back to… Read more: The Evolution of Pyongyang: A Journey Through History, Economy, and Political Dynamics
- The Evolution of Seoul: From Ancient Korea to Modern Metropolis and BeyondAncient Beginnings: The Founding of Seoul The city of Seoul, known today as the vibrant capital of South Korea, has ancient roots that trace back to the Three Kingdoms period of Korea, specifically the kingdoms of Baekje and Silla. Evidence suggests that Seoul was originally established as a settlement given its strategic geographical advantages. Nestled within the Han River basin,… Read more: The Evolution of Seoul: From Ancient Korea to Modern Metropolis and Beyond
- Exploring Korean Traditional Games in Squid Game: From Season 2 to Upcoming Season 3Introduction to Korean Traditional Games Korean traditional games have long been an integral part of the country’s cultural landscape, offering more than mere entertainment. These games, which range from simple children’s pastimes to complex community activities, hold significant cultural significance and often serve as a means of preserving history and promoting social interaction. Rooted in centuries of tradition, these games… Read more: Exploring Korean Traditional Games in Squid Game: From Season 2 to Upcoming Season 3
- Unveiling the Past and Present of Saju: The Art of Korean Fortune TellingIntroduction to Saju Saju, a traditional Korean fortune-telling practice, is an intricate art that seeks to interpret an individual’s fate based on their birth date and time. The term “Saju” translates to “four pillars” in English, referring to the four critical components derived from these time markers: year, month, day, and hour. This method holds significant cultural value within South… Read more: Unveiling the Past and Present of Saju: The Art of Korean Fortune Telling
