South Korea's Extra Budget Plans Likely to Boost GDP Growth -- Market Talk

Dow Jones03-23

0326 GMT - South Korea's planned 25 trillion won supplementary budget could boost its gross domestic product by 0.18 to 0.35 percentage point over the next four quarters, Citigroup's Jin-Wook Kim says. The government could use the fiscal stimulus to reduce logistics and fuel costs for small businesses and farmers, as well as support exporters amid surging oil prices, the economist writes in a report. He notes a local media report that a top presidential policy adviser plans to offer fuel tax cuts and energy vouchers to ease the impact of volatile gasoline prices. The government and the ruling party aim to secure legislative approval for the supplementary budget by April 10. (kwanwoo.jun@wsj.com)

(END) Dow Jones Newswires

March 22, 2026 23:26 ET (03:26 GMT)

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