Assemblyman Kim Hoe-jae Receives 'Democratic Party of Korea 2022 National Assembly Inspection Excellence Award'

Highly Rated as an Outstanding National Assembly Member Leading the National Audit on Livelihood, Policy, and Citizens

Assemblyman Kim Hoe-jae: "I Will Work to Prevent Politics of Conflict and Division and Strive for Livelihood and Unity"

[Yeosu=Asia Economy Honam Reporting Headquarters Reporter Choi Cheol-hoon] Kim Hoe-jae, Member of the National Assembly (Jeonnam Yeosu-si Eul), was selected as an ‘Outstanding Member of the National Assembly for the 2022 National Audit’ by the Democratic Party of Korea.

On the 12th (Monday), Park Hong-geun, floor leader of the Democratic Party of Korea, selected Assemblyman Kim Hoe-jae as an ‘Outstanding Member of the 2022 National Audit,’ stating that he “led the national audit on people’s livelihood, policy, and the public, demonstrating the true competence of the capable Democratic Party.” This is his second award following the Seoul Shinmun’s selection of him as an ‘Outstanding Member of the 2022 National Audit.’

As a member of the Industry, Trade, Small and Medium Venture Business Committee, Assemblyman Kim pointed out the reckless political oppression of the Yoon Seok-yeol administration and its regressive national governance that ignores people’s livelihood, prioritizing the recovery of the people’s economy during the national audit.

In particular, Assemblyman Kim was highly recognized for urging the Ministry of Trade, Industry and Energy to take measures for the safety and sustainability of aging national industrial complexes, leading to the announcement of the ‘Comprehensive Industrial Complex Innovation Plan’ at the inter-ministerial level on November 3rd.

Additionally, he received positive evaluations for gaining a commitment from Minister of Trade, Industry and Energy Lee Chang-yang to empathize with the necessity of the 「Special Act on Safety and Sustainability Support for Aging National Industrial Complexes」, which Assemblyman Kim had proposed as the main sponsor, and to jointly promote it.

Moreover, during the national audit, Assemblyman Kim conducted in-depth inquiries by pointing out issues such as ▲the drastic budget cut for the Youth Tomorrow Deduction for youth and its withdrawal ▲opposition to ‘cunning innovation plans’ that reduce workforce restructuring and youth hiring under the pretext of public institution innovation ▲blocking budget cuts for SME support without venture investment and smart factories ▲exposure of government incompetence in responding to the IRA ▲delays in accepting objections to loss compensation funds, highlighting the damage to the people’s economy caused by the Yoon Seok-yeol government’s irresponsibility and incompetence and urging countermeasures.

He also drew promises to prepare related measures by urging countermeasures and win-win plans for franchise owners suffering from the damage caused by private equity fund management, which destroys the dining industry ecosystem, and by pointing out Samsung Electronics’ sale of defective washing machines that deceived consumers.

Furthermore, he exposed that the Board of Audit and Inspection launched a large-scale audit on 52 institutions labeled as ‘entrenched personnel of the previous government’ by the People Power Party, collected information on the private lives of institution heads who were pressured to resign, and proposed the Board of Audit and Inspection’s Political Retaliation Audit Prevention Act.

Assemblyman Kim Hoe-jae stated, “I approached the national audit with the mindset of stopping politics of conflict and division and preparing practical measures for people’s livelihood and integration,” adding, “I will do my best to overcome the crisis facing the Republic of Korea amid the complex economic crisis of the 3 highs (high inflation, high interest rates, high exchange rates) and to protect the people’s economy.”

Yeosu=Asia Economy Honam Reporting Headquarters Reporter Choi Cheol-hoon hss79@asiae.co.kr

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