South Korea’s parliament approved a 31.8 trillion won ($23.3 billion) extra budget as new President Lee Jae Myung seeks to revive an economy struggling with weak consumption and mounting trade risks from US tariffs.

South Korea's Trade Minister Yeo Han-koo said on Friday that he might request an extension of the freeze on U.S. tariffs that is set to expire within days when he heads to Washington for talks with U.

South Korean President Lee Jae Myung said Thursday that the country is working hard to strike a trade deal with the United States on impending tariffs but expressed uncertainty about when talks would be concluded.