South Korean President Lee Jae-myung stated that the economy is in a "critical" situation.

Gate News bot message, South Korean President Lee Jae-myung urged the National Assembly to quickly approve a $14.7 billion supplementary government spending, as the South Korean economy is in a "critical" situation regarding domestic consumption and exports. During his speech at the National Assembly, Lee Jae-myung also stated that he would strive to seek moderate restraint on fiscal spending, and managing the tax revenue gap well will be crucial for government finances in the coming years.

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