Kim Ui-jang "Plenary Session on the 23rd"... Final Ultimatum for Budget Negotiations

Processing Government Proposal or Amendments in Case of No Agreement

Speaker of the National Assembly Jinpyo Kim. [Photo by Yonhap News]

[Asia Economy Reporter Lim Chun-han] Speaker of the National Assembly Kim Jin-pyo announced on the 21st, "The plenary session for the passage of next year's budget bill is scheduled to be held at 2 p.m. on the 23rd."

In a statement released that afternoon, Speaker Kim said, "If an agreement is reached among the negotiating groups on next year's budget bill, the agreed proposal will be processed; if no agreement is reached, either the government proposal submitted to the plenary session or the Democratic Party's revised proposal will be processed."

Since the previously proposed deadlines for agreement on the 15th and 19th have passed, and as budget negotiations between the ruling and opposition parties continue to stall, this is interpreted as a 'final ultimatum.'

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