S. Korea seeks additional 14 tln won spending to stimulate economy

SEOUL, Nov. 3 (Yonhap) -- South Korea announced Monday that it will increase government spending by 14 trillion won (US$10.76 billion) next year as part of efforts to stimulate the slumping economy and help low-income households tide over the current financial turmoil.

The amount included a 10 trillion won expansion in budget spending, tax
incentives and other economic stimulus measures, according to the Finance
Ministry.