South Korea's parliament on Tuesday approved a new budget bill that paves the way for $15.3 billion of stimulus spending. The National Assembly, where President Park Geun-hye's ruling party has a majority, passed the 17.3 trillion won supplementary budget aimed at stimulating the housing market, supporting small and mid-sized businesses and creating jobs, it said on its website. The finance ministry said earlier Tuesday that parliament's budget committee passed the bill nearly unchanged from the ministry's proposal, according to a report of the Associated Press.
