Parliament passes 2026 budget bill before deadline

Prime Minister Kim Min-seok (bottom) speaks after lawmakers of the ruling and opposition parties passed the government's 2026 budget of 727.9 trillion won (US$498 billion) that calls for more spending to prop up the economy and on national defense during a plenary session at the National Assembly in Seoul on Dec. 2, 2025, just minutes before the legal deadline. (Yonhap)

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