Research Notes and Thoughts

📄 This document is an English translation of the original 2025 Annual Budget Review authored by Junghwan Kim, Senior Budget Analyst at the Special Committee on Budget and Accounts (na32@assembly.go.kr). It is intended for public dissemination and policy transparency. The translated content is faithful to the original Korean manuscript and structured for readability. Contact: Junghwan Kim, Senior Budget Analyst (na32@assembly.go.kr)

📄 This document is an English translation of the official 2023 Program Implementation Review on the Policy Implications of the Government’s Preference for Interest Subsidies over Direct Loans, issued by the Special Committee on Budget and Accounts. The translated content is faithful to the original Korean manuscript and structured for readability. The analysis in this section was authored by Junghwan Kim (na32@assembly.go.kr).