South Korean President Lee Jae Myung called for bipartisan support for the government's 2027 budget bill during a Cabinet meeting at Cheong Wa Dae in Seoul on 2026-09-01. ^[1] The South Korean government proposed a record 820.9 trillion-won (US$599 billion) budget for 2027, up more than 10 percent from the current year's budget. ^[2] President Lee Jae-myung stated on April 1 that next year's budget must serve as a stepping stone for South Korea to leap into a leading nation and a catalyst for visible changes in citizens' lives. ^[3] A Cheong Wa Dae official said on June 1 that Yong Hye-in, nominee for Minister of Gender Equality and Family, should have an opportunity to clarify the questions and doubts raised about her during her confirmation hearing. ^[4] Kim Yong-beom expressed his intention to resign to President Lee Jae-myung on the day before the 1st, and the president accepted the resignation on the 1st. ^[5] Kim Yong-beom, the Cheongwadae (presidential office) policy chief, said on the 1st that he had completed his duty as the first policy chief of the Lee Jae-myung administration and that while much work remains, it is time for the next people to do their part. ^[6] By law, the South Korean government must submit its budget proposal to the National Assembly at least 120 days before the start of the next year, making 2026-09-03 (Thursday) the deadline for the 2027 budget. ^[7] The budget increase is based on expectations of increased tax revenue stemming from a semiconductor boom. ^[8] President Lee Jae-myung called for cross-party cooperation in the National Assembly to ensure the budget reflects public opinion and improves the nation's future. ^[9] President Lee Jae-myung emphasized the need for a 'productive virtuous cycle' fiscal strategy to expand the economic pie and industrial capacity. ^[10] President Lee Jae-myung noted that interest rate hikes are inevitable and the government must minimize pain for vulnerable groups while protecting growth potential. ^[11] Criticism of Yong Hye-in's decision to keep her parliamentary seat has been raised not only by the opposition but also by parts of the progressive camp and the ruling camp. ^[12]