{"id":358928,"date":"2026-03-26T10:00:13","date_gmt":"2026-03-26T10:00:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/358928\/"},"modified":"2026-03-26T10:00:13","modified_gmt":"2026-03-26T10:00:13","slug":"south-korea-rolls-out-17bn-wartime-budget-as-oil-spike-rattles-economy","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/358928\/","title":{"rendered":"South Korea rolls out $17bn &#8216;wartime&#8217; budget as oil spike rattles economy"},"content":{"rendered":"<p><a class=\"ArticleTag_articleTag__P1Zo7\" href=\"https:\/\/asia.nikkei.com\/politics\/middle-east-crisis\" data-trackable=\"primary-tag\" data-dark-mode=\"false\" rel=\"nofollow noopener\" target=\"_blank\">Middle East crisis<\/a><\/p>\n<p class=\"NewsArticleHeader_newsArticleHeaderSubtitle__ZlvPp\" data-trackable=\"subhead\" data-dark-mode=\"false\">Panic buying of garbage bags exposes weaks links in petrochemical supply chain<\/p>\n<p><img decoding=\"async\" class=\"image-main img-fluid ImageNew_imageNewImageResponsive__f1VTu\" src=\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/03\/https:\/\/cms-image-bucket-productionv3-ap-northeast-1-a7d2.s3.ap-northeast-1.amazonaws.com\/images\/0\/9.jpeg\" alt=\"2026 Seoul gas\" width=\"780\" height=\"auto\" loading=\"eager\"\/><\/p>\n<p class=\"NewsArticleCaption_newsArticleCaption__fxo8v\" data-trackable=\"caption\" data-dark-mode=\"false\" style=\"display:block\">A woman fills up her car at a gas station in Seoul on March 9: The South Korean government has announced an expansion of fuel tax cuts to ease price pressures. \u00a9 Reuters<\/p>\n<p>KIM JAEWON and STEVEN BOROWIEC<\/p>\n<p data-dark-mode=\"false\" class=\"Paragraph_paragraph__2p1wC\">SEOUL &#8212; South Korea will launch a 25 trillion won ($16.6 billion) &#8220;wartime&#8221; supplementary budget, expand fuel tax cuts and step up efforts to secure oil and liquefied natural gas supplies, as the escalating Middle East conflict drives up energy prices and stokes inflation concerns.<\/p>\n","protected":false},"excerpt":{"rendered":"Middle East crisis Panic buying of garbage bags exposes weaks links in petrochemical supply chain A woman fills&hellip;\n","protected":false},"author":2,"featured_media":358929,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[173841,173840,4391,114,184,85,46,19163,5839,173842,136629,4153,731],"class_list":["post-358928","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-wartime","tag-17bn","tag-budget","tag-business","tag-economy","tag-il","tag-israel","tag-korea","tag-oil","tag-rattles","tag-rolls","tag-south","tag-spike"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/358928","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=358928"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/358928\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/358929"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=358928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=358928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=358928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}