SEOUL, Jan 14 (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. read more
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Reporting by Joori Roh; Editing by Kenneth Maxwell
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