[Breaking] Democratic Party "Urgent Party-Government Consultations on Supplementary Budget and Other Necessary Matters"
[Asia Economy Reporter Park Cheol-eung] The Democratic Party of Korea has decided to consult with the government on measures including the 4th supplementary budget for flood recovery.
Lee Hae-chan, leader of the Democratic Party, stated at the Supreme Council meeting on the 10th, "The party and the government will urgently hold a high-level party-government consultation as soon as possible to discuss necessary matters such as the allocation of contingency funds and supplementary budgets." He added, "We will urgently complete consultations between the party and government to ensure swift recovery and do our best to compensate for the damages."
Additionally, Supreme Council member Park Kwang-on said, "Contingency funds will be promptly injected where there is financial demand for emergency recovery," and added, "If difficult, the National Assembly needs to proactively review the supplementary budget and propose it to the government."
Leader Lee said, "It is time to focus on flood recovery," and noted, "Our party has postponed all scheduled speeches in Gwangju, Jeonnam, and Jeonbuk over the weekend. We will also ensure that the remaining schedule of the party convention does not interfere with flood recovery efforts."
He further urged, "The central government should quickly provide support using military heavy equipment, and the party's regional committees should begin local damage recovery work this week."
Hot Picks Today
"Buy on Black Monday"... Japan's Nomura Forecasts 590,000 for Samsung, 4 Million for SK hynix
- "Plunged During the War, Now Surging Again"... The Real Reason Behind the 6% One-Day Silver Market Rally [Weekend Money]
- "Not Everyone Can Afford This: Inside the World of the True Top 0.1% [Luxury World]"
- "We're Now Earning 10 Million Won a Month"... Semiconductor Boom Drives Performance Bonuses at Major Electronic Component Firms
- Experts Are Already Watching Closely..."Target Stock Price 970,000 Won" Now Only the Uptrend Remains [Weekend Money]
Kim Tae-nyeon, floor leader of the Democratic Party, also said, "We will set up a situation room in the National Assembly and prepare countermeasures," adding, "We will mobilize all capabilities to prepare proactive and comprehensive measures to minimize damage to the people." He also stated, "To overcome this together with the people, our affiliated lawmakers will forfeit their vacations."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.