Choo Kyung-ho: "Not Opposed to Saemangeum Project... Completely Unrelated to Jamboree"

Next Year's Saemangeum SOC Budget Cut
"All SOC Projects Budgeted According to Principle of Reassessing from Scratch"

Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho is attending the plenary meeting of the Planning and Finance Committee held at the National Assembly on the 22nd. Photo by Hyunmin Kim kimhyun81@

Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho stated on the 30th regarding the budget cuts for next year's Saemangeum social overhead capital (SOC) projects, "Next year's SOC projects are all being re-evaluated from scratch, reflecting the progress of each project and the essential requirements accordingly, and the Saemangeum SOC projects are currently being planned and carried out based on the same principle."

On the same day, during the comprehensive policy questioning at the National Assembly's Budget and Accounts Committee, Deputy Prime Minister Choo responded to a question from Kim Soo-heung of the Democratic Party of Korea by saying, "We are not opposing the Saemangeum project."

When Representative Kim pointed out, "The residents of Jeonbuk Province think this is retaliation for the disruption of the Saemangeum Jamboree," Choo replied, "The Jamboree project, next year's budget planning, Saemangeum, and related regional budgets are completely unrelated; the budget was planned according to the budget planning principles."

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