Citi: Additional budget expected to boost South Korea's GDP growth by up to 0.21 percentage points

Golden Ten Data reported on March 10 that Citigroup economist Jin-Wook Kim stated that a supplementary budget of up to 15 trillion Korean won (which may be introduced before the June 3 local elections) is expected to boost South Korea's GDP growth by 0.11% to 0.21% over four quarters. Kim said that this additional expenditure could be used to fund fuel tax cuts and oil product price caps, while also providing support for low-income workers and the transportation industry.