Deputy Prime Minister Choi Sang-mok Requests Budget Re-negotiation... Final Round of Talks Entered in National Assembly

On the 10th, the last day of the regular National Assembly session, the ruling and opposition parties entered final negotiations on the budget bill ahead of the plenary session. Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok visited National Assembly Speaker Woo Won-sik to request discussions on the budget bill, which included an increased budget proposal.

Choi Sang-mok, Deputy Prime Minister for Economic Affairs and Minister of Economy and Finance, is entering the National Assembly on the 10th to attend the full meeting of the Planning and Finance Committee. Photo by Kim Hyun-min

According to the National Assembly and the Ministry of Economy and Finance on the 10th, Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok visited National Assembly Speaker Woo Won-sik in the morning to request the passage of a complete budget bill that included the increased budget proposal. Park Sung-jun, a member of the Democratic Party, stated, "Deputy Prime Minister Choi brought the proposal, and various discussions are underway regarding its validity."

Following the recommendation of Speaker Woo Won-sik, the ruling and opposition parties began final negotiations on the budget bill. Kim Sang-hoon, Policy Committee Chair of the People Power Party, and Jin Sung-jun, Policy Committee Chair of the Democratic Party, both canceled their scheduled budget-related briefings this afternoon and are currently discussing the increased budget proposal brought by the government. However, the Democratic Party maintained that their position to pass the budget bill at the plenary session scheduled for 2 p.m. that day has not changed.