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Event Brief

PM vows to expand social security spending by 2040

Prime Minister Kim Min-seok said he will expand social security expenditures to match advanced nations by 2040.
WHO: Kim Min-seok
WHAT: A pledge to expand social security expenditures to match advanced nations by 2040
WHEN: May 12, 2026 at 3:24 AM ET
WHERE: South Korea
WHY: No specific cause was reported.

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