SEOUL, April 2 (Reuters) – South Korean President Lee Jae Myung on Thursday urged parliament to promptly pass a 26.2 trillion won ($17.3 billion) supplementary budget to shore up the economy amid “the worst energy security threat” posed by the Middle East crisis.
“Even if the war ends tomorrow, it will take a considerable period of time for the destroyed energy infrastructure facilities in the Middle East to be restored and supplies to run as smoothly as before,” Lee told parliament in a televised speech.
Parliament is expected to pass the extra budget by April 10.
The government plans to implement the budget as soon as it is approved by parliament.
(Reporting by Joyce Lee and Jihoon LeeEditing by Ed Davies)
Copyright 2026 Thomson Reuters.
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