Korea eyes boosting total spending by 5.3%

But the actual spending will grow more remarkably by 7.3%.

According to DBS, the finance ministry this week announced its budget proposal for 2013. The government plans to increase total spending by 5.3% next year, a same rate of increase as in 2012. The actual spending (including public financing via bank loans) will grow more significantly by 7.3%.

Here's more from DBS:

The increase in fiscal spending next year will focus on social welfare, such as social security insurance for the low income class, childcare benefits, college scholarship and senior employment. This is in line with the objectives of narrowing income gaps and improving social equality (the concept of “economic democratization”) proposed by the ruling NFP party during the ongoing election campaign.

Meanwhile, the government also emphasizes the long-term targets of sustaining growth and enhancing the core competitiveness. Higher spending will also be directed to R&D in the new growth sectors and investment in human capital

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia