At the conference held at the National Assembly on the 27th for boosting the domestic economy, Kwon Seong-dong, acting leader and floor leader of the People Power Party, urged the opposition party to withdraw the impeachment proposal against Han Duk-soo, acting president and prime minister.
Acting Leader Kwon stated at the conference, “Restoring national and public livelihood stability should be the foremost priority for the political circle.”
He also appealed to the opposition party, saying, “We hope the impeachment of the acting president, which exacerbates the domestic economic slowdown and financial market instability, will be withdrawn even now.” He added, “The People Power Party will keep all doors open for dialogue and negotiation for public livelihood stabilization.”
The Democratic Party of Korea, which submitted an impeachment proposal against Acting President Han the previous day (26th), plans to vote on it in today’s plenary session.
Acting Leader Kwon emphasized, “Though it’s an unprecedented crisis, the state affairs must remain unshaken.” He particularly stressed that next year’s budget should be executed early in a significant manner that exceeds market expectations, investing resources to stabilize the economy for ordinary citizens.
On this day, the People Power Party and the government collectively announced measures to boost the domestic economy following party-government consultations.
First, they decided to allocate 11.6 trillion won to stabilize living costs and alleviate the cost of living burden on ordinary citizens next year.
Additionally, they formulated a plan to swiftly recruit more than 90% of the 1.24 million direct jobs, such as employment for the elderly, in the first quarter.
Recognizing tourism as a key to revitalizing domestic consumption, the party-government coalition decided to temporarily support the tourism industry with special loans amounting to 50 billion won.
The scale of the vacation support program for workers will also be expanded to more than double the current 65,000 recipients.
Moreover, it was decided that more than 36 trillion won out of the approximately 59 trillion won budget for the Ministry of Land, Infrastructure, and Transport next year will be executed early in the first half. Plans were made to spend over 12 trillion won of the regional social overhead capital (SOC) budget, including roads, railroads, and airports, in the first half, and to quickly allocate 11.7 trillion won of the livelihood budget for supporting vulnerable housing groups and others.