≡ Govt Seeks Extra Spending To Cope With Japan's Export Curbs
The government is seeking to raise the amount of extra budget currently under review in order to cope with Japan's recent export curbs on South Korea.
The Ministry of Strategy and Finance told parliament that the pending supplementary budget needs to be raised by 270 billion won after reviewing related projects aimed at minimizing the potential damage caused by Tokyo's move on Korean firms.
The government is working with the tech sector to localize key semiconductor materials as a hedge against Japanese export restrictions.■[2019.07.21]
