South Korean President Yoon Suk Yeol is currently facing a significant challenge from the opposition party regarding the annual budget process.

The government has proposed a budget of 677.4 trillion won ($483 billion), with a 3.2% increase in spending to support the economy, which is expected to slow down due to declining export momentum.

Opposition leader Lee Jae-myung of the Democratic Party has recently suggested a reduction of 4.1 trillion won from the original budget, indicating a push to make changes that could undermine Yoon's policy agenda.

This budget dispute is occurring at a critical time as the nation prepares for the potential return of Donald Trump, which adds further pressure on Yoon's administration.