National subsidies, and Hong Nam-gi, “review the support for reinforcement of the victims and blind areas”

Input 2021.02.08 17:08 | Revision 2021.02.08 17:20

On the 8th, Deputy Prime Minister of Economic Affairs and Ministry of Strategy and Finance Hong Nam-ki ordered the staff of the Ministry of Strategy and Finance to consider additional support for the victims and support for reinforcing blind spots. Deputy Prime Minister Hong, who is in conflict with the politicians claiming parallel support for’universal + selection’ over the 4th disaster subsidy, drew a line by emphasizing’selection support’ once again.

On the 8th, Deputy Prime Minister Hong held an expanded executive meeting of the Ministry of Equipment and Transportation at the Government Complex Sejong on the 8th, and said to the executives of the Ministry of Equipment, “Check and review additional support for the affected class and reinforcement support for blind spots.”

Deputy Prime Minister Hong also instructed, “Please carefully check the execution situation of the 9.3 trillion won damage support measures (third disaster support fund) and speed up the execution.” It seems that it has reaffirmed the existing position that it will review additional support plans for the victims, such as self-employed people, but should look at the effect of the third subsidy.



Hong Nam-ki Deputy Prime Minister of Economy and Minister of Strategy and Finance./Yonhap News

Deputy Prime Minister Hong’s remarks formalized his intention to enter into the 4th disaster subsidy review, but emphasized the need for selective support such as blind spots, and also regarding measures such as the’universal + selection’ parallel support raised by the Democratic Party’s representative Lee Nak-yeon and others. It can be seen as expressing an intention to refuse once.

The conflict over the disaster support fund arose as Deputy Prime Minister Hong criticized the head of the bargaining group’s speech by Lee Nak-yeon, the leader of the Democratic Party, who mentioned the parallel payment of universal selection. It is also known that Kim Tae-nyeon and Deputy Prime Minister Hong Nam-ki raised their voice at an informal meeting. There was also a saying within the party that “we should propose to resign from Deputy Prime Minister Hong.”

Due to this conflict, discussions on disaster subsidies between the party and the party have virtually ceased. After the high-ranking party administration meeting was canceled the day before (7th), the closed party administration consultation scheduled for the morning was also suddenly canceled. The meeting was scheduled to be attended by members of the Democratic Party of the National Assembly Planning and Finance Committee, including National Assembly Planning and Finance Committee Chairman Yoon Hu-deok, and Hong Nam-ki, deputy prime minister of the economy.

On this day, the Democratic Party announced that it would promptly proceed with the discussion on the 4th disaster support fund, but Deputy Prime Minister Hong is still in a strong position. It is said that fiscal authorities cannot tolerate providing’universal support’ while undertaking enormous extrapolation. It is evaluated that it is different from the previous days when it was dragged into the political world without being able to carry out the position of the Ministry of Finance, such as maintaining the tax standards for major shareholders, such as the first disaster support fund or stock transfer tax.

In addition, with regard to the’measures for supplying 830,000 units of housing in metropolitan areas’ announced last week, Deputy Prime Minister Hong said, “Tomorrow’s Noksil meeting and next week’s meeting of related ministers of real estate market inspection, the progress of supply of 8·4 and 11·16 measures, and this 2·4 measure Please be prepared to comprehensively check the supply follow-up measures.”

Deputy Prime Minister Hong also said, “The employment impact from the prolonged distancing quarantine and the employment base effect last year resulted in a difficult job index for January and February.” He said, “We need to focus on hiring 830,000 people by March for direct government jobs, accelerating employment of 26,000 people in public institutions, and providing opportunities for work experience in the private sector and support for short and long-term job creation.” Please speed up,” he said.

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