[COVER STORY] Why Gyeonggi Province is under financial strain

Korea Times News ·
South Korea

Gyeonggi Province, Korea's most populous province, narrowly averted disruptions to essential welfare programs with the passage of a supplementary budget on Monday. But restoring funding for the rest of 2026 has not resolved the fundamental problem behind the crisis: falling revenue, growing spending obligations and fewer resources to bridge the gap. With the provincial government required to…

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