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The country's parliament passed an extra budget bill worth of 3.83 trillion Korean won ($3.53 billion), proposed by the government in April, in a plenary session on Monday.
"I'm sure (the extra budget) will be a great help to cut high youth unemployment," said Kim Yong-jin at a Monday's meeting in Seoul, adding that 70 percent of the budget will be spent within two months.
He expects the total amount to spent by the end of this year.