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Government's 800 Trillion-Won Budget Plan Clashes with BOK Rate Hikes

The South Korean government's decision to draw up an unprecedented budget exceeding 800 trillion won, or approximately $577.53 billion, is raising concerns over a potential clash with the Bank of…

  • South Korea plans 800 trillion won budget, 10% increase from previous year
  • Government budget aims to boost growth via major projects and household support
  • BOK's rate hikes conflict with fiscal stimulus, risking inflation

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