Minister Park Hong-keun speaks at the 'Integrated Financial Project Evaluation Committee' meeting held on June 26 in Seoul. [Photo=Ministry of Strategy and Finance]
On July 1, Minister of Strategy and Finance Park Hong-keun stated, "Preventing tax thieves from exploiting gaps in the fiscal system is essential for maintaining public trust and establishing fiscal responsibility."
During his speech at the 10th anniversary celebration of the Korea Fiscal Information Institute in Jung-gu, Seoul, he emphasized that "taxpayer money must be used for the public and in areas where it is critically needed," insisting that it should be executed fairly and transparently.
He noted that the Korea Fiscal Information Institute plays a frontline role in safeguarding the nation's finances and urged efforts to establish a next-generation e-Nara system to fundamentally block fraudulent national treasury subsidies, as well as to research real-time execution using new technologies like blockchain.
Regarding the integrated financial information disclosure platform 'Everyone's Finance,' he expressed hope that it would be established without any setbacks within the year.
Minister Park asserted, "Public finances belong to the people, and citizens have the right to know about them," highlighting that expanding financial information disclosure through 'Everyone's Finance' would enable public oversight of finances and prevent budget waste from similar or overlapping projects.
He added, "This will enhance the efficiency of national finances and realize 'people's sovereignty in finance,'" urging that every effort be made to ensure that citizens can easily and conveniently access and utilize financial information.
Additionally, he stated, "The Ministry of Strategy and Finance will always be a strong partner in the innovation of South Korea's finances and a supporter of the Korea Fiscal Information Institute."
During his speech at the 10th anniversary celebration of the Korea Fiscal Information Institute in Jung-gu, Seoul, he emphasized that "taxpayer money must be used for the public and in areas where it is critically needed," insisting that it should be executed fairly and transparently.
He noted that the Korea Fiscal Information Institute plays a frontline role in safeguarding the nation's finances and urged efforts to establish a next-generation e-Nara system to fundamentally block fraudulent national treasury subsidies, as well as to research real-time execution using new technologies like blockchain.
Regarding the integrated financial information disclosure platform 'Everyone's Finance,' he expressed hope that it would be established without any setbacks within the year.
Minister Park asserted, "Public finances belong to the people, and citizens have the right to know about them," highlighting that expanding financial information disclosure through 'Everyone's Finance' would enable public oversight of finances and prevent budget waste from similar or overlapping projects.
He added, "This will enhance the efficiency of national finances and realize 'people's sovereignty in finance,'" urging that every effort be made to ensure that citizens can easily and conveniently access and utilize financial information.
Additionally, he stated, "The Ministry of Strategy and Finance will always be a strong partner in the innovation of South Korea's finances and a supporter of the Korea Fiscal Information Institute."
* This article has been translated by AI.
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