Korea Tensions May Stall Budget Plans

The transcript discusses South Korea's economic and defense budget plans, highlighting a proposed 7% increase in defense spending, the largest since 2009. The government aims to enhance military capabilities against North Korea and improve welfare for soldiers. Additionally, fiscal policy is set to play a larger role, with a 7.1% increase in overall spending. The budget approval process faces challenges due to political dynamics, requiring negotiations with opposition parties.

What is the primary reason for the South Korean government's decision to increase defense spending by 7%?

• To improve international relations

• To counteract North Korea's nuclear missile threats

• To boost the economy

• To reduce taxes

How much is the South Korean government planning to increase its overall spending next year?

• 5%

• 8%

• 6.5%

• 7.1%

What portion of the South Korean budget is now allocated to welfare benefits?

• Exactly one-third

• Half

• Less than one-third

• More than one-third

What is a significant challenge President Moon faces in getting the budget approved?

• Lack of support from international allies

• Insufficient economic growth

• High inflation rates

• Ruling party's minority in parliament

Why might the South Korean budget approval process be delayed until the last minute?

• International pressure

• Due to technical issues

• Lack of public support

• Because of opposition from conservative parties