(LEAD) Ruling party, gov't stress active fiscal policy to boost growth in 2027 budget proposal

On August 25, South Korea's ruling Democratic Party (DP) and the government emphasized the implementation of an active fiscal policy aimed at boosting economic growth within the framework of the 2027 budget proposal.

The announcement outlines the joint approach by the administration and the ruling party to utilize state spending as a tool for economic stimulus heading into 2027.