Assemblyman Seodongyong Confirmed as Member of Budget and Accounts Special Committee Subcommittee

Great Momentum Expected for Securing Jeonnam Province Budget

[Asia Economy Honam Reporting Headquarters Reporter Lee Hyung-kwon] Seo Dong-yong, a member of the Democratic Party of Korea (Suncheon·Gwangyang·Gokseong·Gurye Eul), has been confirmed as a member of the Budget and Accounts Special Committee (hereafter Budget Committee) subcommittee.

The National Assembly Budget and Accounts Special Committee comprehensively reviews the nation's treasury, including supplementary budgets, government budget proposals, and settlements. It is regarded as the gateway for all government projects. Among them, the subcommittee known as the coefficient adjustment subcommittee is where government budgets passed from each standing committee are effectively finally increased or decreased.

This subcommittee consists of 9 members from the ruling party and 6 from the opposition, and was approved today on the 12th.

With Seo Dong-yong’s assignment to the subcommittee, it is expected that not only urgent projects for regional economic development such as attracting companies and creating jobs through the development of Gwangyang Port, revitalizing the steel industry, the hydrogen production base cluster project, and the construction of the Southern Central Region National Science Museum, but also major projects in Jeonnam will receive strong support.

Seo Dong-yong said, “The Budget Committee subcommittee is a place all local district lawmakers aspire to join, so I am grateful to be entrusted with this important role.” He added, “Given the difficult and uncertain situation due to COVID-19, I feel a heavy sense of responsibility.”

He also stated, “I will carefully examine the annual budget of 555.8 trillion won, especially supporting the smooth implementation of the Moon Jae-in administration’s 10 major focus projects, including the Korean New Deal, maintaining and creating over 2 million jobs, generating 20 trillion won in private consumption including local love gift certificates, innovation cities, and full-scale investment in national balanced development including responses to regional extinction.”

Furthermore, Seo Dong-yong pledged, “While reviewing the budget to ensure it is distributed evenly and balanced to all ministries, projects, regions, and places in need without neglect, I will actively oversee urgent projects in the Jeonnam region, including Suncheon, Gwangyang, Gokseong, and Gurye.”

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