Kim Jong-in: "People Should Not Get Addicted to Government Money"

"4th Supplementary Budget, No Worries Unless It Lacks Rationality"

[Image source=Yonhap News]

[Asia Economy Reporter Lim Chun-han] Kim Jong-in, Emergency Committee Chairman of the People Power Party, stated regarding the '20,000 KRW nationwide communication fee payment,' “From our past experiences in various other countries, once the public gets accustomed to government money, they do not want to let go of it.”

On the day, Chairman Kim attended a luncheon meeting for party leaders hosted by National Assembly Speaker Park Byeong-seok at the National Assembly Sarangjae and said, "Just the day before yesterday, there was a sudden announcement about distributing 20,000 KRW each for communication fees, but on the other hand, there seems to be a lot of concern about the government's fiscal soundness."

Chairman Kim said, "I am someone who has recently become very skeptical about whether the government truly recognizes the reality of the current Korean economy in relation to economic issues after experiencing the COVID-19 crisis," adding, "I cannot help but think about what kind of impact this will have on future fiscal management and the economy."

Chairman Kim said, "I understand that during the meeting yesterday between Democratic Party leader Lee Nak-yeon and the President, the President once again emphasized cooperation. I also understand that Leader Lee has not changed his view that cooperation is essential," and added, "If cooperation is to be emphasized, those in power should create the conditions for cooperation in advance."

Chairman Kim stated, "For cooperation to happen, conditions must be established, but after the general election and during the process of forming the National Assembly, the previously observed customs were not upheld, which caused a rift between the ruling and opposition parties, and that situation has yet to be resolved."

Chairman Kim said, "Looking ahead to the regular session of the National Assembly, the immediate task is to quickly process the supplementary budget so that the second disaster relief funds can be distributed to those facing difficulties before Chuseok. I believe this is a prerequisite," adding, "As long as the content itself is not lacking in rationality, there is no need to worry."

Chairman Kim stated, “Especially since next year is the President’s final year in office, I do not think any special political legislation will be attempted," and added, "If the ruling and opposition parties think just a little, there would be no particular difficulty in leading the legislature without even having to mention cooperation in politics.”

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