South Korea says extra budget aimed at job creation, not economic stimulus


  • World
  • Sunday, 04 Jun 2017

A street vendor counts his money at the Namdaemun Market in Seoul, South Korea, May 30, 2017. Picture taken on May 30, 2017. REUTERS/Kim Hong-Ji

SEOUL (Reuters) - An extra budget to be announced by South Korea on Monday is intended to create more jobs, not to boost economic growth, the president's secretary for policy said on Sunday.

"This extra budget is not linked to economic growth we're seeing right now but rather the social classes that are in pain at the moment; it will be to improve their quality of life," Jang Ha-sung told reporters at a media briefing.

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