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Korea Is Spending Its Way to Perdition

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Korea Is Spending Its Way to Perdition

The National Assembly has ratified a W558 trillion budget for 2021, up 8.9 percent compared to this year (US$1=W1,094). This is a super-expanded budget whose rate of growth far surpasses the average 5.8 percent increase over the past decade. Budgets proposed by the government usually get shaved down…
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