Parliamentary Committee Adopts Hearing Report for Finance Minister Nominee Lee Hyoung-il: "Control Tower for People's Livelihood Economy Needed"

The National Assembly's Finance, Economy, and Planning Committee has adopted the confirmation hearing report for Lee Hyoung-il, the nominee for Deputy Prime Minister and Minister of Finance and Economy.

The committee convened a plenary meeting today (September 17) and passed the motion to adopt the confirmation hearing report by bipartisan agreement.

The report was found to have jointly included the ruling Democratic Party of Korea's opinion finding him qualified and the opposition People Power Party's opinion assessing him as unqualified.

Rep. Bae Jun-young of the People Power Party, the opposition secretary of the committee, stated, "Many issues and concerns were raised regarding nominee Lee, and they have not been clearly resolved," but added, "We agree on the need for an economic control tower that has an obligation to promptly turn around the people's livelihood economy currently in distress."


Earlier, the committee conducted a confirmation hearing for the nominee on September 15.

During the confirmation hearing, the ruling and opposition parties clashed over issues including the controversy regarding nominee Lee's "non-resident single home ownership" and the Future Response Fund.

Regarding the controversy, nominee Lee previously bowed his head in apology, saying, "I feel deeply sorry for falling short of the public's expectations."

In addition, the committee decided at the meeting to conduct annual parliamentary audits of a total of 46 institutions, including the Ministry of Finance and Economy, the Ministry of Planning and Budget, and the Bank of Korea, from October 6 to 23.

In particular, the committee decided to add the Korea-U.S. Strategic Investment Corporation, which was launched last June, as a target institution for this year's parliamentary audit.

(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.