Choo Kyung-ho "Supplementary Budget Bill to be Introduced in Early May... Submitted to National Assembly Immediately After New Government Inauguration"

Regarding the Wealth Increase Controversy, "I Will Explain Everything During the Hearing" Response

Chu Kyung-ho, a member of the People Power Party and the first Deputy Prime Minister and Minister of Economy and Finance nominee under the Yoon Suk-yeol administration, is arriving at the confirmation hearing preparation office set up at the Korea Deposit Insurance Corporation in Jung-gu, Seoul, on the 11th. Photo by Moon Ho-nam munonam@

[Asia Economy Sejong=Reporter Kwon Haeyoung] Choo Kyung-ho, nominee for Deputy Prime Minister and Minister of Economy and Finance, said on the 11th, "The supplementary budget (Chugyeong) plan can be introduced in early May," adding, "Once the new government is launched, we will prepare well to submit the supplementary budget plan to the National Assembly immediately."

Choo made these remarks on his first day at the temporary office for the Deputy Prime Minister nominee, located at the Korea Deposit Insurance Corporation in Seoul.

Regarding measures to tackle high inflation, Choo said, "I will review it during the hearing preparation process and discuss some matters during the hearing," adding, "After the hearing, if given the opportunity, I will share detailed plans with the public."

On the controversy over asset growth, he responded, "I will explain everything during the hearing." According to the regular asset change report of high-ranking officials recently disclosed by the Public Service Ethics Committee, Choo's assets increased from 1.1 billion KRW in 2016 to 40.1 billion KRW at the end of 2021, growing by nearly 3 billion KRW. Considering that Choo has been a member of the National Assembly since winning the 2016 general election and his annual salary is around 100 million to 150 million KRW, the increase in assets is significant.

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