Seoul: Finance Minister Choi Sang-mok announced on Wednesday that the South Korean government is pursuing an increase of 600 billion won (US$429.12 million) in state reserve funds to better navigate market uncertainties caused by the U.S. presidential election and other external factors. The proposal was made during a parliamentary audit session, reflecting the government's proactive approach to potential economic volatility.According to Yonhap News Agency, the finance ministry has allocated 4.8 trillion won in reserve funds for 2025, marking a 14.3 percent increase from this year's 4.2 trillion won. The budget report, presented to the National Assembly, underscores the government's emphasis on preparedness in light of unpredictable global political dynamics.While Minister Choi did not specify the exact allocation of the increased funds, government officials indicate that the expanded budget may be necessary to address a variety of challenges. These include geopolitical tensions, infectious diseases, clim ate change, and other significant global issues that could impact the economy. The strategic increase in reserve funds is part of a broader effort to ensure stability and resilience amid a complex international landscape.
- October 12, 2026
