Government to Discuss Future Response Fund and Local Allocation Tax Reforms

The Democratic Party of Korea will hold a government-party meeting on September 29 to discuss the management of the future response fund, estimated at around 200 trillion won, and reforms to the local allocation tax.

Park Sung-jun, the party's chief spokesperson, spoke to reporters after a Supreme Council meeting on September 28, stating, "We will hold discussions on the future response fund and local allocation tax reforms in the policy committee meeting room tomorrow."

He added that the Ministry of Strategy and Finance is preparing a report and discussion on the status of the future response fund, while the Ministry of the Interior and Safety will handle the report and discussion on the current state of local allocation taxes and trends among local governments.

Attendees at the government-party meeting will include Democratic Party leader Kim Min-seok, floor leader Han Byeong-do, policy committee chair Kwon Chil-seung, budget committee chair Lee Kwang-jae, and interior committee chair Kim Young-jin, along with the committee's secretary Lee Hae-sik. From the government side, Minister of the Interior and Safety Yoon Ho-jung and Minister of Strategy and Finance Park Hong-geun will also participate.

Additionally, local government leaders, including former Gwangju Mayor Min Hyung-bae, Busan Mayor Jeon Jae-soo, and Incheon Mayor Park Chan-dae, are expected to attend the discussions on local allocation tax reforms.

Meanwhile, the Democratic Party announced it will hold a '1030 Youth Speaker Selection' event to commemorate its 71st anniversary. Park stated, "To celebrate the 71st anniversary of our founding, we are preparing a platform to hear the voices of young party members and communicate the party's future and vision in various ways."

The selected youth speakers will be nurtured as young talents linked to the party's spokesperson team, youth policy activities, and internal events. Applications are open to party members aged 18 to 39, with 12 advancing to the finals, where four will be selected.