South Korea proposes extra $17 billion budget to cushion energy costs fueled by Iran war

Adrian Bogdan

South Korea on Tuesday proposed a supplementary budget worth 26.2 trillion won (about $17.1 billion) to ease the burden of rising energy prices on households and industries as the Middle east conflict has created a supply crunch. About 10.1 trillion won will be aimed directly at "easing the burden of high oil prices," according to a Google Translation of the budget document in Korean, while other measures included support for exporters and an increase in grants to local governments. Minister of

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