Kim Tae-nyeon: "Legislative Discussions on the Compensation System Progressing with the Government"

[Image source=Yonhap News]

[Asia Economy Reporter Jeon Jin-young] Kim Tae-nyeon, floor leader of the Democratic Party of Korea, stated regarding President Moon Jae-in's request on the 25th for the party and government to review the institutionalization of compensation for losses suffered by self-employed individuals, "The Democratic Party will proceed with legislative discussions on institutionalizing compensation for losses caused by the pandemic together with the government."

At the Supreme Council meeting held at the National Assembly that morning, Floor Leader Kim said, "The compensation system should be established in a way that realizes the spirit of the Constitution and provides practical assistance to small business owners and self-employed individuals who may suffer losses due to the pandemic."

He added, "There are many contentious issues. Overcoming the financial burden is also a challenge," and raised his voice, saying, "We must establish the optimal baseline for relief within the scope of financial capacity."

He continued, "While we will refer to overseas cases, we must establish a Korean-style compensation system suited to our situation," and emphasized, "Social consensus is essential for institutionalizing a relief system that benefits all parties involved within limited resources. We will begin discussions in the National Assembly in this direction."

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