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| President Lee Jae-myung holds a luncheon meeting with ruling and opposition leaders at the presidential office in this file photo. From left: Jung Cheong-rae, Lee Jae-myung, and Jang Dong-hyuk. /Yonhap |
President Lee Jae-myung will meet leaders of both ruling and opposition parties on April 7 to discuss joint responses to the economic fallout from the Middle East crisis.
According to the presidential office on April 5, Lee will host a luncheon meeting at 11:30 a.m. at the presidential office, bringing together key political leaders for a “livelihood and economic consultative meeting.”
Attendees will include Jung Cheong-rae, leader of the ruling Democratic Party of Korea, and Jang Dong-hyuk, leader of the People Power Party, along with their respective floor leaders. Prime Minister Kim Min-seok and presidential chief of staff Kang Hoon-sik are also expected to attend.
This will mark the first meeting between the president and opposition leaders in about seven months, following their last encounter in September at the presidential office. A similar attempt in February was canceled after the opposition declined to participate.
Lee is expected to urge swift passage of a supplementary budget worth 26.2 trillion won, which was approved by the Cabinet on March 31 after about three weeks of deliberation. The government is seeking rapid parliamentary approval to secure what it calls a “golden time” for stabilizing people’s livelihoods.
The president is also likely to address opposition concerns over specific budget items, including funding for renewable energy and startup support programs, which have faced calls for cuts.
In addition, Lee is expected to call for bipartisan cooperation to address the economic impact of prolonged instability in the Middle East. Even if the conflict ends soon, officials warn that recovery of damaged energy infrastructure could take considerable time, prolonging economic uncertainty.
A presidential official said key agenda items will include responses to domestic economic challenges and global uncertainties stemming from the Middle East conflict. No decision has been made on whether to institutionalize the consultative body.