{ "story_id": "2c712b4ece7fad88e5f09e6c40739a1e", "desk": "drm3", "revision": 1, "published_at": "2026-09-03T02:28:56.107Z", "content_hash": "9f586f836101b3cff6a5f3f92d0009bee38bdc550113d4bdfb0324f8661c401b", "hash_basis": "sha256 over `headline\\ndek\\nprose`, plus `\\n` + the canonical citations JSON when any source is placed, plus `\\n#blog` for blogs", "basis": { "headline": "South Korean President Prioritizes Economic Growth Over Welfare Expansion", "dek": "President Lee Jae Myung argues South Korea must prioritize economic growth to expand the economic pie rather than pursuing simultaneous welfare expansion.", "prose": "President Lee Jae Myung of South Korea stated on his X account that it is unrealistic to pursue both economic growth and welfare expansion simultaneously at this time. [^1]\n\nThe South Korean government unveiled its most aggressive fiscal spending plan on record for the upcoming year on Tuesday. [^2]\n\nSouth Korean government officials announced a plan to merge five state-owned power utilities into a single entity. [^3]\n\nPresident Lee Jae-myung stated on 2026-01-02 that South Korea is currently facing a growth deficit created by the previous administration, requiring a focus on economic recovery to expand the economy. [^4]\n\nPresident Lee Jae Myung argued that the priority should be placed on expanding the economic pie rather than welfare expansion. [^5]\n\nPresident Lee Jae Myung warned that failing to recover sustained growth could lead to economic polarization and a potential decline in welfare. [^6]\n\nThe South Korean government proposed a record budget of 820.9 trillion won (US$599 billion) for next year, representing an increase of more than 10 percent from the current year. [^7]\n\nThe finance minister nominee vowed to advance AI projects as part of the government's strategy. [^8]\n\nThe new fiscal plan includes the creation of a fund dedicated to long-term investments. [^9]\n\nOfficials stated that the consolidation of power utilities aims to streamline operations and improve efficiency. [^10]\n\nThe government also announced plans to consolidate four port authorities into one organization. [^11]\n\nThe government aims to strengthen the country's technological edge amid the global AI race. 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