The President of South Korea calls for the preparation of an additional budget as soon as possible.

On June 9, South Korea's presidential office said that South Korean President Lee Jae-myung urged officials on Monday to quickly develop a supplementary budget plan aimed at supporting economic recovery and stimulating consumption. Lee Jae-myung, who took office last week, has made reviving the economy a top priority, setting up an emergency economic task force composed of government officials. South Korea's economy shrank in the first three months of the year as exports and consumption stagnated amid concerns about the impact of U.S. tariffs, triggering expectations of interest rate cuts. If the additional budget is finalized under Lee Jae-myung's leadership, it will add to the country's earlier supplementary budget of 13.8 trillion won ($9.7 billion) approved on May 1. During the election campaign, Lee stressed the need for an additional budget to provide short-term economic stimulus.