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President Lee Jae Myung is set to deliver a policy address to the National Assembly on Nov. 2 to explain the government's 2027 budget proposal, the largest ever at 820.9 trillion won (about 94.4 trillion yen), and ask for parliamentary cooperation for its smooth passage, Yonhap and other outlets report. This will be Lee's fourth such address since taking office and his second this year, following one in April. The main opposition has signaled it will seek to cut 30 trillion won from the plan, according to Chosun Ilbo. Korean reaction is largely framed around the political showdown: the ruling camp stresses the need for the budget to stabilize livelihoods and secure future growth engines, while the opposition's planned cuts set up a contentious legislative battle over the record spending plan.