Sudden damage compensation law, next month’s provisional assembly
Prime Minister Jeong Sye-gyun instructs the Ministry of Information on preparation
The power of the people should also be discussed at a meeting
‘Hot Potatoes’, such as target selection and method
Reporter Kim Deok-jun [email protected], Reporter Jeon Chang-hoon [email protected]
Input: 2021-01-26 19:24:42Revision: 2021-01-26 19:40:18Posted: 2021-01-26 19:42:22 (p. 5)




Prime Minister Jeong Se-gyun (second photo above) is presiding over a State Council meeting at the Sejong Government Complex on the 26th. On the right, Kim Jong-in, Chairman of the Emergency Response Committee, the Power of the People, takes a commemorative photo with the attendees at the loss compensation conference for small businesses damaged by Corona 19 held at the National Assembly on this day. Reporter Kim Jong-ho kimjh@·Yonhap News
In a situation where passports are pushing the institutionalization of compensation for losses for small business owners due to the quarantine measures against’Corona 19′, opposition parties are also actively engaged in the discussion, increasing the likelihood that the related legislation will be handled in the National Assembly in February.
Prime Minister Chung Sye-gyun met with Hong Nam-ki, Deputy Prime Minister and Minister of Strategy and Finance, prior to the State Council meeting on the 26th, and instructed them to carefully prepare plans for institutionalizing loss compensation. It is interpreted that Prime Minister Chung, who strongly criticized the Ministry of Strategy and Finance, who was passive about the institutionalization of loss compensation, in fact put a wedge against Deputy Prime Minister Hong, saying,’No more disagreements’.
The power of the people also joined the discussion by holding a meeting to prepare countermeasures such as compensation for losses of small businesses affected by Corona 19, attended by key officials such as Kim Jong-in, chairman of the Emergency Response Committee and Ho-young Joo, attended. At a meeting, Chairman Kim criticized that “the Prime Minister makes no noise when deliberating on the budget, and then suddenly guarantees loss,” and criticized that the loss compensation system and movement of the passport were aimed at the by-election of Busan and Seoul mayors in April This year’s budget, which is about trillion won, needs to be readjusted and financed first, so it is possible to do this because it is a disaster subsidy and compensation for losses,” he said, leaving room for institutionalization itself.
The Ministry of Strategy and Finance has been in a position to hesitate to institutionalize due to budget issues, but now it has no choice but to take responsibility and come up with concrete plans.
According to the party’s government on the day, the Democratic Party of Korea will handle legislation related to the Loss Compensation Act in an extraordinary National Assembly in February. However, the compensation method, target, and damage calculation range have not been specified yet. This must be decided by the government through careful work. The Democratic Party is considering a plan to compensate in proportion to the loss of sales of small business owners and self-employed based on tax data, but to compensate self-employed persons with annual sales of 40 million won or less without tax data.
The selection of the reward target is also a hot potato. It should be discussed whether to include only the collectively prohibited and restricted industries, and whether to cover all of the general industries, and a lot of jobs such as special workers and freelancers have disappeared, and how to compensate them should be considered. Professor Kim Jeong-sik of Yonsei University said, “It is necessary to compensate for losses, but to the extent that it does not significantly harm fiscal soundness.” “If the BOK takes over the deficit bonds, liquidity increases. I will do it.” Reporters Deok-Jun Kim and Chang-Hoon Jeon casiopea@