South Korea Approves $471.5B 2025 Budget in Unprecedented Vote

Dec 10, 2024, 12:02 PM

South Korea's parliament has approved the 2025 government budget, reducing the proposed amount from 677.4 trillion won to 673.3 trillion won. The approved budget, equivalent to $471.5 billion, reflects cuts made during legislative deliberations. The decision, made in an unprecedented parliamentary vote, marks a significant adjustment to the initial government proposal.