With most funds deployed in early 2025, the government may lack flexibility to respond to worsening economic conditions
South Korea’s 2025 budget overview is already obsolete, failing to account for looming corporate debt risks, political instability and inevitable supplementary budgets.
The $467.4 billion (673.3 trillion won) budget, passed in December without input from the ruling People Power Party (PPP) after President Yoon Suk-yeol’s failed martial law declaration, prioritizes front-loaded spending to counter economic uncertainty.
South Korea’s 2025 budget overview is already obsolete, failing to account for looming corporate debt risks, political instability and inevitable supplementary budgets.
The $467.4 billion (673.3 trillion won) budget, passed in December without input from the ruling People Power Party (PPP) after President Yoon Suk-yeol’s failed martial law declaration, prioritizes front-loaded spending to counter economic uncertainty.
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