DP passes supplementary budget for local currency despite opposition

Apr 29, 2025, 08:56 am

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Shin Jung-hoon, a lawmaker from the main opposition Democratic Party of Korea and chair of the National Assembly’s Public Administration and Security Committee, presides over a session to introduce the first supplementary budget bill for 2025 at the National Assembly in Seoul on April 28. / Source: Yonhap News

The main opposition Democratic Party of Korea (DPK) on April 28 pushed through a supplementary budget bill that includes 1 trillion won for local currency programs during a session of the National Assembly’s Public Administration and Security Committee’s Budget and Settlement Subcommittee. The ruling People Power Party strongly protested and walked out in response.

The committee convened earlier in the day and approved the supplementary budget containing the local currency allocation.

The DPK argued that the additional 1 trillion won is necessary to support small business owners and the self-employed, and to boost domestic consumption and the economy. In contrast, the People Power Party opposed the move, criticizing local currency programs as inefficient and insisting that government funds should not be spent on such initiatives.

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