South Korea's National Assembly passed a cash handout bill aiming to boost spending and revive the economy.
South Korea's opposition-controlled National Assembly passed a cash handout bill, providing 250-350k won ($180-$250) vouchers to all households amidst ruling party protests. The Democratic Party-led bill aims to boost spending & revive the economy, but President Yoon Suk Yeol's veto power could prevent implementation. The ruling party criticized the bill as unconstitutional & populist, arguing against legislature's budget control through law.
August 02, 2024
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