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Economy First for Better Welfare | South Korea News
President Lee Jae Myung argues that boosting the economy before expanding welfare is essential, warning that economic stagnation could worsen polarization and hurt welfare long-term — not by cutting benefits, but by prioritizing growth first. With a record-breaking 820 trillion won budget proposed for next year, fueled by a booming semiconductor industry expected to generate over 200 trillion won in corporate taxes alone, the administration sees this windfall as a golden opportunity to invest wisely in public resources, including future welfare improvements, while projecting total tax…
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