[On-point] New S. Korean gov't seeks to boost economy through extra budget plan --Will it revive the economy?

President Lee Jae Myung has just delivered his speech on the second supplementary budget.

For more on this and the country's economic policy, we're joined by Professor Shin Se-don, professor at the Division of Business Economics at Sookmyung Women's University.

Professor Shin, thanks so much for your time this morning.

So we just heard the president give his speech — what's your overall assessment of the extra budget plan?

The bill includes a universal cash handout scheme for all citizens. Will this help revive the country's economy?

What is the number one priority the Lee administration should focus on in its economic policy?

Another key issue the government faces is tariffs, and the country's top trade negotiator is in Washington to hold the first tariff talks since President Lee took office. What leverage does South Korea have in tariff negotiations with the U.S.?

South Korea faces reciprocal tariffs of 25%. If this measure takes effect, how would that affect Korean businesses?

Alright. Professor Shin, thank you so much for your insight. We appreciate it.