Yoon's Pledge to Release 50 Trillion Won in Loss Compensation, Kim Ki-hyun Says "If in Power, Will Reshape Supplementary Budget and Budget"

Kim Ki-hyun, floor leader of the People Power Party, is delivering opening remarks at the floor strategy meeting held at the National Assembly on the 9th. Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Hyunju Lee] Regarding Yoon Seok-yeol, the People Power Party candidate, pledging to release 50 trillion won within 100 days to fully compensate losses for self-employed business owners, Floor Leader Kim Ki-hyun stated, "After the government is launched, we might reorganize the supplementary budget (추경) again."

Floor Leader Kim appeared on MBC Radio on the 9th and said, "100 days is more than three months, and in the case of the Democratic Party of Korea, they introduced a supplementary budget and seemed to have pushed it through in almost a month."

He also added, "If elected and in power, the budget currently prepared by the Moon Jae-in administration will need to be reorganized."

Regarding the nationwide disaster relief fund proposed by Democratic Party candidate Lee Jae-myung, he explained, "We have consistently argued that compensation for losses of small business owners and self-employed people should come first," and "It is based on the principle that sufficient compensation should be provided where significant damage has actually occurred."

He continued, "Regarding the gathering ban, it seems they are trying to approach partial loss compensation, but there is no compensation at all for restrictions such as limits on the number of people," and emphasized, "In reality, sufficient support is needed for sectors not supported, such as tourism and travel industries, which are blind spots. The position is that (compensation for small business owners' losses) should come first."

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