The South Korean government is considering a budget worth roughly 4-hundred-20 billion U.S. dollars for next year. Speaking at a parliamentary meeting today,... Seoul's finance chief stressed the need for an expansionary spending plan to boost the economy. A hike of around nine percent from this year's budget. Hong Nam-ki explained... about 2 billion dollars will be set aside for the parts and materials industries... to make those sectors more competitive and to develop home-grown technologies as a remedy to Japan's export curbs. The minister added they plan to execute 80 percent of an extra budget for those industries by the end of next month.
