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South Korea to present supplementary budget this month

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SEOUL – The South Korean prime minister said on Friday that the government will submit a supplementary budget to the national parliament aimed at boosting small businesses and the self-employed ahead of the Lunar New Year holiday from Jan.31 to Feb.2.

“The country has decided to develop a supplementary budget to closely support small business owners and the self-employed by using the tax surplus generated last year and other available financial resources,” the Prime Minister said Kim Boo-kyum, without disclosing further details. .

The announcement comes a month after parliament approved a record 607.7 trillion won ($ 512 billion) budget for this year.

($ 1 = 1,186.1000 won) (Reporting by Joori Roh; Editing by Kenneth Maxwell)