Kim Dong-yeon, Governor of Gyeonggi Province

Kim Dong-yeon, Governor of Gyeonggi Province

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[Asia Economy (Suwon) = Reporter Lee Young-gyu] Kim Dong-yeon, Governor of Gyeonggi Province, urged the Yoon Seok-yeol administration to stop the unconditional and reckless reversal of the previous government's policies and to engage in dialogue and cooperation with the opposition party.


He also stated that it is difficult to understand why the budget bill processing exceeded the legal deadline by ten days due to the corporate tax rate reduction that benefits only about 100 companies, arguing that the current situation's lack of consistency and unpredictability in government policies is creating a challenging environment for businesses.


On the 15th, through a post on social media (SNS), Governor Kim said, "Ahead of today's live broadcasted 'National Task Review Meeting' in front of the people, I once again urge a major shift in national governance," proposing a halt to unconditional policy reversals and suggesting dialogue and cooperation with the opposition party.


He first emphasized, "We must stop unconditional and reckless policy reversals," adding, "We need to present a proper national vision to the people and develop individual policies under that direction."


He continued, "We must engage in dialogue and cooperation with the opposition party," pointing out, "There has been no dialogue with the opposition party for over seven months of the president's term; start by urgently processing the budget bill."


In particular, he added, "The issue of lowering the highest corporate tax rate should be discussed with sufficient time, and agreement on the budget bill should be reached together with the opposition party."


Furthermore, he warned, "The first step to solving difficult issues such as labor policy, health insurance, climate change, and national pension reform, which are tangled like a ball of yarn, is dialogue and compromise, which the Yoon Seok-yeol administration must keep in mind," adding, "Lack of communication and unilateral push will ultimately lead to economic and livelihood disasters."


He also stated, "We must transform the lack of communication and unilateralism into communication and dialogue, and turn the public security situation into a livelihood-focused one," warning, "Otherwise, the 'National Task Review Meeting' will be nothing more than a show for the public."


Regarding the controversy over the corporate tax cut, Governor Kim pointed out, "The budget bill processing has exceeded the legal deadline by more than ten days," and said, "As someone who has been responsible for the country's finances for a long time, I cannot understand the situation where corporate tax is an obstacle to the budget."



He particularly criticized, "I find it hard to agree with the claim that lowering the highest corporate tax rate, which benefits about 100 companies, will increase investment," adding, "There are many factors that influence a company's investment decisions, and the current economic situation is not one where companies refrain from investing because of corporate tax. Rather, consistency and predictability in government policies addressing the economic crisis and deregulation that restrains companies are more important."


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

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