South Korea to Prepare 25 Trillion Won War Supplementary Budget Amid Middle East Crisis

The Democratic Party of Korea and the government will prepare a supplementary budget of approximately 25 trillion won in response to the Middle East crisis. The budget will utilize excess tax revenue from improved semiconductor company performance to support fuel costs, stabilize livelihoods, and assist export companies.

Published Mar 23, 2026

In response to the Middle East crisis, the Democratic Party of Korea and the government plan to create a supplementary budget of about 25 trillion won. This budget will be funded primarily through excess tax revenue anticipated from the semiconductor sector.

AI-curated by Theia

A high-level consultation at the National Assembly confirmed this decision, with aims to reduce fuel costs and support small business owners, farmers, and export companies. The government intends to avoid additional government bond issuance to minimize impacts on the bond and foreign exchange markets.