Assemblyman Lee Hyung-seok Officially Begins Activities of the Democratic Party's Fiscal Decentralization Special Committee

[Asia Economy Honam Reporting Headquarters Reporter Yoon Jamin] Lee Hyung-seok, Member of the National Assembly (The Democratic Party of Korea·Gwangju Buk-gu Eul), has officially started activities as a member of The Democratic Party of Korea's Special Committee on Fiscal Decentralization.

On the 3rd, Lee received his appointment certificate at the inauguration ceremony of the Special Committee on Fiscal Decentralization held at the National Assembly in Yeouido, Seoul. The ceremony was attended by party leader Lee Nak-yeon and Hong Young-pyo, chairman of the Special Committee on Fiscal Decentralization, among others.

The Special Committee on Fiscal Decentralization is an organization established to promptly promote the second phase of fiscal decentralization aimed at local fiscal autonomy, a key national agenda of the Moon Jae-in administration.

The Democratic Party of Korea resolved to establish and organize the Special Committee on Fiscal Decentralization at the Supreme Council meeting on the 25th of last month. The committee's advisor is Assemblyman Kim Jin-pyo, and members include Lee Hyung-seok, Kim Kyung-hyeop, Ko Yong-jin, Han Byung-do, Park Wan-joo, Kim Soo-heung, Kim Young-bae, Yang Ki-dae, and Lee Hae-sik.

Assemblyman Lee said, "If the full revision of the Local Autonomy Act passed at the end of last year laid the foundation for transformation of local governments and local councils, this year we must accelerate fiscal decentralization to effectively support this." He added, "I will do my best to promptly prepare a more detailed second phase fiscal decentralization plan by supplementing the shortcomings of the first phase fiscal decentralization."

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