President Park Geun-hye is scaling down her welfare policy goals amid difficulties securing the funds needed to fulfill her campaign pledges.
The government is expected to face strong backlash from the opposition and the public over its budget proposal for next year, which is scheduled to be submitted at a Cabinet meeting on Thursday.
The proposal is likely to include plans to cut welfare spending, especially welfare for the elderly. Park had originally promised to give W200,000 (US$1=W1,074) per month to all Koreans over 65, but it now appears that the government will only be paying that amount to 70 or 80 percent in that age bracket on a means-tested basis.
Cheong Wa Dae on Monday said Park will comment on the controversial welfare pledges in the meeting.
Pundits predict the president will use the opportunity to seek support from the public, saying it is impossible to secure the money needed to keep her welfare promises.