Citibank: South Korea may adopt additional budget as early as March.

Jin-Wook Kim, an economist at Citigroup, wrote in a report that the South Korean government is likely to implement an additional budget of approximately 100 trillion Korean won as early as March. Kim stated that this potential new fiscal stimulus measure could be rolled out in March or April before the local government elections on June 3, to support imbalanced economic growth and provide funds for specific industries such as culture and arts. He estimated that this stimulus measure could boost the country's annual GDP growth by 0.07 to 0.15 percentage points. He predicted that the government would use excess tax revenue to launch this additional budget without issuing bonds.