South Korea ’s parliament approved a 31.8 trillion won (US$23.3 billion) extra budget as new President Lee Jae-myung seeks to revive an economy struggling with weak consumption and mounting trade risks from US tariffs.

South Korea's Trade Minister Yeo Han-koo will leave for the United States on Friday for tariff talks, just days ahead of the July 9 deadline when U.S. tariffs could rise sharply. Yeo said he would consider requesting an extension of the reciprocal tariff pause,

South Koreas Trade Minister Yeo Han-koo is heading to the United States on Friday for high-stakes trade negotiations, just days before the July 9 deadline when steep U.S. tariffs could take effect. The visit comes