South Korea is accelerating its budgetary spending and will tap public money allocated for 2010, amid concerns its tentative recovery will sag in the second half of this year.

Seoul has already spent two-thirds of its annual budget in the first half to revive businesses badly weakened by an abrupt fall in exports. The finance ministry said on Thursday it would also spend up to Won12,000bn ($9.6bn, €6.7bn, £5.8bn) of fourth-quarter budget in the third quarter to maintain this momentum.