Ruling Party Visits Plastic Factory: “Naphtha Support Included in Supplementary Budget… Considering Ban on Petrochemical Product Exports”

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Han Byung-do, floor leader of the Democratic Party of Korea, stated on the 27th that he had reached a consensus with the government to include a budget to support the import difference for naphtha, a plastic material, in the "war supplementary budget." He added, "We will assess whether there are any illegal acts or unreasonable practices, such as excessive raw material price hikes and intentional volume control." Emphasizing the urgency of the s…

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Meeting between ruling and opposition party Budget and Accounts Committee whips fails to reach agreement on schedule… Re-negotiations scheduled for around the 31st. As the government plans to submit a 25 trillion won supplementary budget bill to the National Assembly around the upcoming 31st to address the situation in the Middle East, the ruling and opposition parties are at odds over the schedule for the parliamentary review on the 27th.