SEOUL (Reuters) -South Korea President Lee Jae Myung asked the parliament to swiftly approve the $14.7 billion of extra government spending as the economy is in “desperate” situation across domestic consumption and exports.
Speaking at the National Parliament, Lee also said he will work to seek moderation in fiscal spending as reducing tax shortfall over the next few years will be critical for healthy management of government coffers.
(Reporting by Cynthia Kim; Editing by Himani Sarkar)
