{"id":2207350,"date":"2024-12-03T08:00:18","date_gmt":"2024-12-02T23:00:18","guid":{"rendered":"https:\/\/koreapro.org\/?p=2207350"},"modified":"2024-12-02T18:49:14","modified_gmt":"2024-12-02T09:49:14","slug":"speaker-defers-budget-bill-as-south-koreas-assembly-polarization-deepens","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2024\/12\/speaker-defers-budget-bill-as-south-koreas-assembly-polarization-deepens\/","title":{"rendered":"Speaker defers budget bill as South Korea\u2019s Assembly polarization deepens"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">South Korea\u2019s National Assembly Speaker Woo Won-shik <\/span><a href=\"https:\/\/www.yna.co.kr\/view\/AKR20241202075252001?section=politics\/all&amp;site=major_news01_related\"><span style=\"font-weight: 400;\">deferred<\/span><\/a><span style=\"font-weight: 400;\"> a Democratic Party (DP)-led budget bill for 2025 during Monday\u2019s plenary session, citing the lack of bipartisan agreement. Woo urged lawmakers to negotiate before the Dec. 10 deadline to avoid disruptions to public welfare and government operations. The original legal deadline to pass next year&#8217;s budget was Monday.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The DP\u2019s proposal, <\/span><a href=\"https:\/\/www.yna.co.kr\/view\/AKR20241129137552001?section=politics\/all\"><span style=\"font-weight: 400;\">passed unilaterally<\/span><\/a><span style=\"font-weight: 400;\"> in a Nov. 29 committee vote, seeks to cut approximately $2.9 billion (4.1 trillion won) from the government\u2019s $482 billion (<\/span><a href=\"https:\/\/koreapro.org\/2024\/08\/south-koreas-2025-budget-proposal-faces-political-and-economic-challenges\/\"><span style=\"font-weight: 400;\">677.4 trillion won<\/span><\/a><span style=\"font-weight: 400;\">) budget. Targeted reductions include special activity funds (SAFs) for the presidential office, prosecution and police, as well as halving the contingency reserve fund. The ruling People Power Party (PPP) has <\/span><a href=\"https:\/\/www.peoplepowerparty.kr\/news\/comment_view\/BBSDD0001\/104518\"><span style=\"font-weight: 400;\">condemned<\/span><\/a><span style=\"font-weight: 400;\"> the cuts as politically motivated.<\/span><\/p>\n<p><b>WHY IT MATTERS<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The standoff reflects intensifying polarization in South Korea\u2019s National Assembly, with the DP\u2019s unilateral actions disrupting regular legislative processes. If unresolved, it risks delaying critical public services and undermining economic stability, raising broader governance concerns.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The SAF cuts align with the DP\u2019s narrative of opposing government overreach, while the PPP views them as retaliatory and politically driven. Simultaneously, <\/span><a href=\"https:\/\/www.yna.co.kr\/view\/AKR20241202096252001?section=politics\/all\"><span style=\"font-weight: 400;\">impeachment motions<\/span><\/a><span style=\"font-weight: 400;\"> targeting senior government officials have heightened tensions, with the Board of Audit and Inspection <\/span><a href=\"https:\/\/koreapro.org\/2024\/11\/alleged-thaad-leak-by-former-moon-officials-may-intensify-partisan-divisions\/\"><span style=\"font-weight: 400;\">investigating<\/span><\/a><span style=\"font-weight: 400;\"> alleged security lapses during the Moon Jae-in administration.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While a compromised budget is expected, the process has already eroded trust and deepened partisan divisions. Both parties are leveraging the standoff to frame themselves as guardians of national interests and public welfare, but the protracted deadlock risks further alienating voters and undermining confidence in governance.<\/span><\/p>\n<div class=\"content-tags\"><a href=\"https:\/\/koreapro.org\/tag\/business-economy\/\"><span class=\"tag\">Business &amp; Economy<\/span><\/a><a href=\"https:\/\/koreapro.org\/tag\/domestic-politics\/\"><span class=\"tag\">Domestic Politics<\/span><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>South Korea\u2019s National Assembly Speaker Woo Won-shik deferred a Democratic Party (DP)-led budget bill for 2025 during Monday\u2019s plenary session, citing the lack of bipartisan agreement. Woo urged lawmakers to negotiate before the Dec. 10 deadline to avoid disruptions to public welfare and government operations. The original legal deadline to pass next year&#8217;s budget was [&hellip;]<\/p>\n","protected":false},"author":10407,"featured_media":2207351,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[24,27],"class_list":["post-2207350","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-briefings","tag-business-economy","tag-domestic-politics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Speaker defers budget bill as South Korea\u2019s Assembly polarization deepens - KOREA PRO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/koreapro.org\/2024\/12\/speaker-defers-budget-bill-as-south-koreas-assembly-polarization-deepens\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Speaker defers budget bill as South Korea\u2019s Assembly polarization deepens - KOREA PRO\" \/>\n<meta property=\"og:description\" content=\"South Korea\u2019s National Assembly Speaker Woo Won-shik deferred a Democratic Party (DP)-led budget bill for 2025 during Monday\u2019s plenary session, citing the lack of bipartisan agreement. 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