Choi Sang-mok: “Spreading momentum of advanced industries such as AI and semiconductors.”
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On the 20th, Rep. Choo Gyeon-ho, the floor leader of the People Power Party (second from the right), is speaking at a party-government consultative meeting on the 2025 budget bill held at the National Assembly in the morning., ‘The government and ruling party once again emphasized that the principle of next year’s budget is ‘selective welfare for the socially vulnerable’. It is stated that while the budget is based on sound financial management, it will allocate budget generously for issues concerning vulnerable groups, low birth rates, and other livelihood issues. In particular, the government has stated that it will make efforts to spread momentum in leading industries such as AI (artificial intelligence) and semiconductors.’,
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, ‘On the morning of the 20th, the People Power Party and the Ministry of Economy and Finance held a party-government consultative meeting on the 2025 budget bill in Yeouido, Seoul to discuss opinions on next year’s budget bill. The meeting was attended by Rep. Choo Gyeon-ho, the floor leader of the People Power Party, and Kim Sang-hoon, the chairman of the Policy Committee. The Ministry of Economy and Finance was represented by Deputy Prime Minister Choi Sang-mok and Vice Minister Kim Yoon-sang.’,
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, ‘Rep. Choo emphasized, “Various economic indicators show an improving trend, but the livelihood on the ground is very difficult. Regarding next year’s budget, I hope there will be significant increases in support for vulnerable groups to address the hardships they face, as well as special financial support and financial support to back up the difficulties anticipated for small business owners and self-employed individuals.” He added, “I earnestly request that the issue of lowering interest rates on emergency management support funds to help small business owners affected by events like TMON and WEMAKE be actively considered.”‘,
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, ‘Chairman Kim stated, “Next year’s budget, like last year’s budget, is based on tight fiscal management.” He emphasized, “Both the party and the government will focus on supporting the socially vulnerable, expanding welfare for the disadvantaged, boosting economic vitality, strengthening support policies for future generations of youth, as stressed by Rep. Choo, but I believe we should spare no effort in supporting issues directly related to the national existence such as low birth rates, support for small business owners, and other stability measures.” He added, “There is much for the government and ruling party, as the chairman of the Policy Committee, to take care of such as expanding and strengthening welfare for the disadvantaged.”‘,
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, ‘In response, Deputy Prime Minister Choi explained, “The 2025 budget bill aims to realize a society centered on the stable livelihoods of the people and dynamic economy.” He stated, “The 4 major investment focuses of next year’s budget bill are improving welfare for the socially vulnerable for a better future, spreading economic vitality, improving national preparedness for the future, and ensuring a safe society and global presence.” He emphasized, “For the most difficult in our society, we will raise the standard median income for 3 consecutive years to strengthen the basic livelihood protection system,” and said, “We will provide job opportunities and educational opportunities for the vulnerable groups, and significantly expand the supply of public housing.”‘,
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, ‘Regarding the economy, he said, “To support the resuscitation of small business owners, we will ease burdens and strengthen tailored support,” and “We will completely reform R&D investment into a leading type and significantly expand the support scale, and establish the foundation for the advancement and export momentum of advanced industries such as AI, biotechnology, and semiconductors.”‘,
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, ‘Finally, Deputy Prime Minister Choi concluded, “After completing the budget arrangement reflecting the contents of today’s party-government consultation, we will submit it to the National Assembly on the 2nd of next month through the Cabinet meeting,” and “We will actively cooperate in the future parliamentary deliberations so that the budget bill can be passed within the legal deadline.”‘,
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