As the controversy over’one year’s compensation for loss’ grows, Ik-pyo Hong “does not apply retrospectively”

Hong Ik-pyo

Hong Ik-pyo

The controversy inside the passport over the claim of retroactive application of the Corona 19 loss compensation system has caught up as’impossible’. At the Democratic Party’s non-face-to-face policy council meeting held on the 27th, Hong Ik-pyo, chairman of the Policy Committee, said, “The loss compensation system for small business owners is a legal basis for preparing for a new epidemic such as the corona pandemic in the future.”

Sye-gyun Jeong and Hong call after remarking “March payment”
Request for “correction as it is misleading”
President Moon’s “financial responsibility” remarks also affected
Hong Ik-pyo “Preparing a system for the future”

Chairman Hong is the person who raised expectations for retroactive compensation by referring to the timing of the compensation payment as “in March, at the latest in early April.” The Democratic Party aimed to compensate for the loss of small business owners and self-employed persons due to the inability to apply retrospectively through the 4th disaster support fund.

Why on earth have passports been in conflict over the introduction of the loss compensation system? Initially, this problem developed into a confrontation between the entire passport and the Ministry of Strategy and Finance. When Prime Minister Jeong Sye-gyun took the commission to introduce the system, Deputy Prime Minister Hong Nam-ki said, “Financial is not a matter of fire” and sparked a conflict. Then, on the night of the 24th, the passport held a high-ranking party, government, and government meeting at the prime minister’s mission to attempt to seal it. On the 27th, a passport official said, “Before the election, the party was thinking that it needed something, whether it was the fourth disaster subsidy or loss compensation.” However,’Let’s introduce a loss compensation system, but not apply retroactively, but to prepare a system for the future. ‘The consensus was barely formed.’

However, on the morning of the 25th, Hong Ik-pyo, chairman of the Policy Committee, appeared on the radio and talked about’within March, at the latest in April’ and the situation changed. Chairman Hong’s remarks were completely different from the contents of the previous day’s meeting. It seemed as if it was the position of the passport to’finish the legislation with an expedited decision and pay compensation for losses before the election’. In response, Prime Minister Chung said that he immediately called Chairman Hong and asked for his sincerity. Prime Minister Chung also said that “Chairman Hong’s remarks may be misunderstood as a means of retroactive compensation for all losses for a year apart from the 4th disaster support fund, so please correct it appropriately.” However, the ruling party did not reverse or withdraw Chairman Hong’s position afterwards. Rather, claims for’cash spraying’ such as’fixed-fix support in March’ amplified and flowed out.

Lee Nak-yeon, representative of the Democratic Party, is attending a general meeting of policymakers at the National Assembly on the 27th.  Reporter Oh Jong-taek

Lee Nak-yeon, representative of the Democratic Party, is attending a general meeting of policymakers at the National Assembly on the 27th. Reporter Oh Jong-taek

In this situation, in the end, President Moon Jae-in came out. In the afternoon of the 25th, in a business report by the Ministry of Welfare and the like, they directly instructed, “The Ministry of Small and Medium Venture Businesses and other ministries and the party and government should review the plan to institutionalize compensation for losses within the scope of the finances.” It is said that the terms’finance’ and’mid-term ministry’ mentioned by President Moon were the de facto guidelines. A key member of the passport said, “The fact that mentioning financial soundness has revealed the principle of non-retroactive in nature,” and said, “The specific task as the mid-term ministry also ordered a revision of the Small Business Act, not the infectious disease prevention method discussed in the Party.

The ruling party was initially pursuing a plan to include the basis for compensation for losses in the infectious disease prevention method. With the focus on corona support, President Moon’s thoughts and directions were different. A passport official explained, “The background of the SME’s main duty is to comprehensively reflect the constitutional spirit as the loss compensation system should be prepared in case the business activities of small business owners are restricted not only for coronavirus but also for other reasons in the future.”

Deputy Prime Minister Hong Nam-gi, who confirmed the thoughts of President Moon and Prime Minister Chung at a meeting with Prime Minister Chung on the 26th, said, “The loss compensation issue can be proceeded in a way that is paid the day after tomorrow, after preparing a plan today and enacting tomorrow. There is no” he drew a line. In this atmosphere, the ruling party also made a hurried turn toward’no retroactive application’ on this day.

Reporters Taehwa Kang and Hyosung Kim [email protected]


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