The South Korean government decided to dispatch an overseas emergency rescue team to Nepal. ^[1] The South Korean government announced an increase in the basic tax deduction for non-residents owning a single home from 900 million won to 1.2 billion won. ^[2] 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. ^[3] The South Korean government unveiled its most aggressive fiscal spending plan on record for the upcoming year on Tuesday. ^[4] The South Korean government has decided to abolish the specific provision in the annual property tax that imposed a 200% tax burden on non-residents owning a single home. ^[5] President 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. ^[6] A major flood has occurred in the Himalayan mountainous border region between Nepal and China. ^[7] The South Korean emergency rescue team is scheduled to depart tonight. ^[8] The tax deduction adjustment applies to the Comprehensive Income Tax for non-residents. ^[9] The deduction for non-resident couples holding a single-family home jointly was increased from 400 million won per person to 600 million won per person, totaling 1.2 billion won for the couple. ^[10] The tax burden cap for non-resident single-family home owners was maintained at 150% of the standard deduction, downgrading a previous proposal to raise it to 200%. ^[11] President Lee Jae Myung argued that the priority should be placed on expanding the economic pie rather than welfare expansion. ^[12]