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South Korea will propose a supplementary budget of around 10 trillion won ($8.44 billion) to parliament soon, the government said Tuesday, as it tackles Brexit turmoil in financial markets, weak exports, and a corporate overhaul of the country's shipping and shipbuilding industries.President Park Geun-hye called on all government ministries to have the supplementary budget ready as soon as possible.Reflecting more difficult conditions inside and outside the country, the finance ministry lowered its growth forecast for this year to 2.8 percent from the 3.1 percent projected in December last year.To keep capital flows from rocking the economy, the government said it will continue with plans to ease the cap on the foreign currency forward positions local banks can hold from 40 percent from the current 30 percent starting July.
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