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Additional KRW 60tn New Deal Spending Announced

SOUTH KOREA

South Korean government announces an increase in New Deal spending to KRW 220tn from KRW 160tn. The government announced the New Deal in July last year as an innovation to create 1,901,000 jobs by 2025 based on two main policies – the Digital New Deal and Green New Deal- and an overarching policy support to strengthen employment and social safety net.

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