National Assembly Speaker Chung Jung-sik emphasized the importance of ensuring that improvements in the economy are felt by all citizens during a meeting with newly appointed Deputy Prime Minister and Minister of Finance Lee Hyung-il on October 2.
Chung noted that the National Assembly Budget Office has raised its economic growth forecast for this year to over 3%, indicating significant progress in the economy. He stated, "It is encouraging that our economy is achieving remarkable growth."
He also pointed out the gap between improved economic indicators and the domestic economy, urging Lee to ensure that the benefits of growth are widespread across all industries and that disparities are reduced.
Chung highlighted the importance of real estate policy, calling for the Ministry of Finance to listen to criticisms regarding the lack of sufficient results in alleviating housing instability despite various measures being announced. He urged for a comprehensive approach to housing supply, lending, and tax policies that suppress speculation while protecting genuine demand.
He also requested Lee and the Ministry of Finance to pay attention to the bipartisan Economic Leap Committee, established in collaboration with the Korea Chamber of Commerce and Industry.
In response, Lee pledged to focus all efforts on reducing polarization and ensuring that economic growth translates into improved living standards for citizens. He promised to communicate closely with the National Assembly and to incorporate its feedback into policies that yield tangible results for the public.
Chung noted that the National Assembly Budget Office has raised its economic growth forecast for this year to over 3%, indicating significant progress in the economy. He stated, "It is encouraging that our economy is achieving remarkable growth."
He also pointed out the gap between improved economic indicators and the domestic economy, urging Lee to ensure that the benefits of growth are widespread across all industries and that disparities are reduced.
Chung highlighted the importance of real estate policy, calling for the Ministry of Finance to listen to criticisms regarding the lack of sufficient results in alleviating housing instability despite various measures being announced. He urged for a comprehensive approach to housing supply, lending, and tax policies that suppress speculation while protecting genuine demand.
He also requested Lee and the Ministry of Finance to pay attention to the bipartisan Economic Leap Committee, established in collaboration with the Korea Chamber of Commerce and Industry.
In response, Lee pledged to focus all efforts on reducing polarization and ensuring that economic growth translates into improved living standards for citizens. He promised to communicate closely with the National Assembly and to incorporate its feedback into policies that yield tangible results for the public.
Jang Dong-hyuk, leader of the People Power Party, also met with Lee on the same day. Jang expressed familiarity with Lee, noting that they were both graduates of the Central Officials Training Institute (now the National Human Resources Development Institute).
Jang raised concerns about the future response fund, questioning the implications of allowing the president to use discretionary funds without oversight. He stated, "If the president can use money as a slush fund, what does that say about the 'sound fiscal policy' that the Ministry of Finance has upheld?" He urged for a careful re-evaluation of the future response fund from the ground up.
Additionally, Jang called for a fundamental reassessment of the economic policies, including real estate, under the Lee Jae-myung administration, and advocated for the legislation of fiscal rules.
In response, Lee emphasized that all parties share a common goal for the national economy. He reiterated his commitment to listening to the voices of citizens and businesses and to swiftly implementing policies that lead to noticeable outcomes.
* This article has been translated by AI.
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