President Lee Jae-myung noted during a parliamentary address on the supplementary budget plan for the second additional budget on the 26th, "We have allocated 3.9 trillion won for an investment promotion budget aimed at revitalizing the economy."

President Lee Jae-myung is greeting after finishing his first State of the Nation address regarding the submission of the government's supplementary budget at the National Assembly main chamber in Yeouido, Seoul, on the 26th. /Courtesy of Yonhap News Agency

Specifically, he explained, "The budget includes early investments in executable SOC (social overhead capital) projects such as railways, roads, and ports, and a total provision of 5.4 trillion won in liquidity to revive the stagnant real estate project financing (PF) market."

He added, "We aimed to revive the growth engine of Korea through increased investments in AI (artificial intelligence) and renewable energy, as well as providing 1.3 trillion won in funding for venture and small business seed funds."

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