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ECONOMY

Lee’s ‘bad bank’ plan secures ₩400 billion in funding

President Lee Jae-myung’s signature campaign pledge to launch a “bad bank” for distressed debt relief is now moving into action. Backed by the recently approved second supplementary budget, the program aims to support financially vulnerable individuals hit hard by the COVID-19 aftermath, rising interest rates, inflation, and economic downturn. The Financial..

S. Korea’s worsening fiscal soundness
AsiaToday reporter Lee Ji-hoon“Due to active fiscal management recently, South Korea’s fiscal deficit has surged and the national debt has increased rapidl..

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