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South Korea aims to spend more of 2013 budget in first half

SEOUL, Oct 5 (Reuters) - South Korea will have to spend more of next year's budget in the January-June period to help stimulate the economy, Finance Minister Bahk Jae-wan said on Friday, adding a major rebound was only expected in the second half.

Bahk, speaking at an annual parliament audit of state affairs, also said the government hopes Asia's fourth-largest economy will post better performance in the current quarter after hitting the bottom in the third quarter.

South Korea has a presidential election in December, but incumbent President Lee Myung-bak will be responsible for running the country until he steps down in late February.

Some government policies could still be influenced by the election outcome.

(Reporting By Se Young Lee; Editing by Choonsik Yoo and Sanjeev Miglani)

((vincentsy.lee@thomsonreuters.com)(+822 3704 5646)(Reuters Messaging: vincentsy.lee.thomsonreuters.com@reuters.net))

Keywords: KOREA ECONOMY/SPENDING