Seoul: Acting President Han Duck-soo plans to deliver a landmark budget speech on Thursday, marking a significant occasion as it will be the first time since 1979 that an acting president addresses the National Assembly on budget matters. During this speech, he is anticipated to urge lawmakers to approve an extra budget bill, according to a government official.
According to Yonhap News Agency, the focus of Han's speech is expected to be on the extra budget, emphasizing the need for bipartisan cooperation in safeguarding the nation's livelihoods and interests. The official from Han's office highlighted that this budget speech could be pivotal in addressing the economic challenges facing the country.
Furthermore, Han is likely to address the South Korean government's position on recent international trade issues, particularly in response to U.S. President Donald Trump's announcement of tariffs. This comes ahead of the upcoming "2+2 trade consultations" between Seoul and Washington, which are set to take place this week.
The speech also holds political significance, as it comes amid growing speculation over Han's potential candidacy for the presidency in the upcoming June 3 election. This speculation has been fueled by the recent ousting of former President Yoon Suk Yeol, following his failed martial law bid. Observers are keen to see if Han will address these rumors and clarify his political intentions during the address.