{"id":15903,"date":"2022-05-11T13:33:21","date_gmt":"2022-05-11T08:33:21","guid":{"rendered":"https:\/\/dailyrapidnews.com\/eng\/?p=15903"},"modified":"2022-05-11T13:33:24","modified_gmt":"2022-05-11T08:33:24","slug":"the-government-of-south-korea-will-host-an-additional-budget-measure","status":"publish","type":"post","link":"https:\/\/dailyrapidnews.com\/eng\/2022\/05\/11\/the-government-of-south-korea-will-host-an-additional-budget-measure\/","title":{"rendered":"The government of South Korea will host an additional budget measure."},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The South Korean government plans to present a supplemental budget measure to parliament later this week to assist Covid-19 pandemic-affected microbusiness owners, according to the finance minister.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Minister of Economy and Finance Choo Kyung-ho said the government devised the additional budget measure to compensate small merchants and self-employed people who suffered a lot during the pandemic during his first meeting with the ruling People Power Party (PPP).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The law will be approved by the Cabinet on Thursday and then submitted to the National Assembly on Friday, according to Choo.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The budget proposal was announced the day before President Yoon Suk-government Yeol was inaugurated.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">During the meeting, Rep. Kweon Seong-dong, the <a href=\"https:\/\/www.facebook.com\/DailyRapidNews?_rdc=5&amp;_rdr\">People <\/a>Power Party floor leader, stated that approximately 3.7 million small merchants, self-employed individuals, and small businesses with revenue of less than 3 billion won should be given a cash handout of at least 6 million won (approximately 4,700 US dollars) per person (2.3 million U.S. dollars).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">President Yoon vowed to pay pandemic-affected small merchants with over 50 trillion won during his campaign (39 billion US dollars).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The South Korean government plans to present a supplemental budget measure to parliament later this<\/p>\n","protected":false},"author":1,"featured_media":15904,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[216],"tags":[471],"class_list":["post-15903","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international","tag-south-korea"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.4.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The government of South Korea will host an additional budget measure.<\/title>\n<meta name=\"description\" content=\"The law will be approved by the Cabinet on Thursday and then submitted to the National Assembly on Friday, according to Choo.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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The budget comes amid a 6 percent (provisional) economic growth, and all eyes are on the new\u2026","rel":"","context":"In &quot;latest&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":21509,"url":"https:\/\/dailyrapidnews.com\/eng\/2025\/06\/11\/within-limits-govt-defends-modest-salaried-class-relief-in-budget-2025-26\/","url_meta":{"origin":15903,"position":5},"title":"\u2018Within limits\u2019: Govt defends modest salaried class relief in budget 2025-26","date":"June 11, 2025","format":false,"excerpt":"Federal Finance Minister Muhammad Aurangzeb on Wednesday defended the government's limited relief to the salaried class in the newly unveiled budget for fiscal year 2025-26. Addressing a post-budget press conference in Islamabad, the finance minister said that while he and Prime Minister Shehbaz Sharif were keen to provide maximum relief\u2026","rel":"","context":"In &quot;Business&quot;","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2025\/06\/a-6.gif?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts\/15903","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/comments?post=15903"}],"version-history":[{"count":1,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts\/15903\/revisions"}],"predecessor-version":[{"id":15905,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts\/15903\/revisions\/15905"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/media\/15904"}],"wp:attachment":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/media?parent=15903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/categories?post=15903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/tags?post=15903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}