Shin Se-don "President Moon Must Immediately Invoke Emergency Financial Order"

[Image source=Yonhap News]

[Asia Economy Reporter Lee Ji-eun] Shin Se-don, the General Election Committee Chairman of the United Future Party, stated on the 8th that President Moon Jae-in should immediately issue an emergency financial order to support self-employed workers and small business owners.

Shin held a press conference at the National Assembly Communication Office that morning and said, "How long will we wait for bipartisan agreement and parliamentary approval on everything?"

He emphasized, "How long will the President postpone action? Stop pushing the work to the National Assembly. Act immediately," and added, "The emergency financial order must be issued immediately for the 20 million self-employed workers, small business owners, and freelancers who are currently cornered."

Additionally, Shin stressed that responsibility must be held for causing public anxiety by failing to provide clear criteria for the bottom 70% income bracket regarding the COVID-19 emergency disaster relief fund. He said, "At the sixth policy meeting on March 30, President Moon announced that 1 million won in emergency disaster relief funds would be given to the bottom 70% income bracket, but then introduced an unheard-of policy based on the bottom 70% of National Health Insurance premiums, unsettling 50 million citizens," and added, "The President must hold the government authorities accountable for causing this confusion."

Furthermore, Jang Young-chul, former president of the Asset Management Corporation and chairman of the Information, Industry, and Management subcommittee of the United Future Party's Emergency Economic Measures Committee, proposed, "According to statistics, there are 20 million small and medium-sized enterprises, self-employed workers, small business owners, and freelancers," and suggested, "Of the 100 trillion won budget reallocated, 21 trillion won should be injected as loans through banks."

Other proposals included ▲exemption of bank loan officers from liability ▲tax reductions to revitalize companies and support for vocational training expenses upon new hires ▲changing the income-led growth policy ▲attracting foreign companies after COVID-19 ▲and revising the nuclear phase-out policy.

This content was produced with the assistance of AI translation services.