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Gyeonggi Governor Lee Jae-myeong is attacking criticism from some about the economic effect of the “local currency”. On the 18th, he told the National Tax and Finance Institute, a government agency that issued a report noting the adverse effects of the local currency, calling it “the right money to be compensated.” The day before, the Gyeonggi-do council had a tough battle with the Democratic Party member of the provincial council over the local currency payment policy. Governor Lee led the issuance of the local currency ‘Seongnam Love Gift Certificate’ in 2006 during the time of the Mayor of Seongnam in Gyeonggi Province. Both in the opposition and in the passport, it was said that “the governor is showing a moralistic attitude towards opinions different from him.”
Governor Lee had a discussion with Democratic Party Provincial Assemblyman Shin Jeong-hyeon about local monetary policy at the Gyeonggi-do assembly plenary session the day before. Clinic Shin Do told the governor: “The local currency flows only to some industries such as restaurants and markets, creating an imbalance per industry.” “What is more necessary than the local currency is to directly support those who are worried about closing their businesses because they cannot pay their electricity bills. He criticized Gyeonggi-do for reducing his emergency budget of 50 billion won in total to help those in need with Corona and increasing the local currency budget. Then Governor Lee said, “Is Gyeonggi-do versatile? Is your budget infinite? “
When Congressman Shin said, “It is solidarity and justice to reach out to those who are weaker and more difficult,” the governor raised his voice and said, “It’s good to hear, but I’m not executing the budget with so much emotion.” When the workshop became fiercer, Do-Chief Shin said, “I have no feelings, and I am talking while looking at the field.” In response, Governor Lee asked, “Then come up with a possible alternative.” The day that took place between the provincial governor of the Democratic Party and the provincial deputy, from the presidency of the provincial council a boo like “Enough” was heard.
Governor Lee continued his attack on the Korean Institute of Tax and Finance, which pointed out the negative effects of the local currency that day. On the 14th, the Institute of Taxation and Finance published a report stating that “the issuance of local currency could harm the general welfare of the country.” While issuing local currency can help to increase sales for small business owners in the region, as a whole, the cost of issuing is wasted without an increase in total consumption. On this day, Governor Lee, who said, “The results of the investigation are ugly,” said on Facebook that day: “Why are you distorting, poor, and urgently presenting intermediate investigation results that are not final results, and slander the main policies of the Moon Jae-in administration and the Democratic Party? “If it is about defending the interests of a certain group and intervening in politics, it is not a scholar or an investigation to protect, it is a redemption to be liquidated” However, the Institute of Taxation and Finance said: “As a result of an objective analysis, the economic effect of the local currency was low. It is the position that the results of the investigation were presented as is.”
Regarding this attitude of the governor, it has been said that in the academic and political sphere, “they are showing self-righteous reactions, not controversies about their own opinions and opinions.” Some respondents said: “We are tackling issues that need to be resolved through policy debates in relation to political intentions.” Kim Gwang-du, Senior Lecturer at Sogang University, who served as Vice Chairman of the National Economic Advisory Council of the current government, said on Facebook: “If this person gains more power, the Korean version of the Bunseo Gongyu (焚書坑儒) “. I’m very worried. “Jin-hyeong Joo, the main member of the Open Democratic Party, who tends to be pro-female, said on the radio,” The researcher is not making a convincing argument, but when I see that (Governor Lee) it’s hot, I think the bowl is small. Even among Democratic Party lawmakers, the governor, who recently brought policy clarity to the fore, was said to be too on the sidelines. A member of the Seoul district of the Democratic Party said: “The governor seems to have excessive self-confidence in the local currency, which is considered the representative policy of Lee Jae-myeong-pyo.”
