Person
South Korean Democratic Party politician and former justice minister and party leader, now governor of Gyeonggi Province, the country's most populous province.
Gyeonggi Province's council passed a 525.4 billion won supplementary budget on the 12th, taking its 2026 total to 42.2053 trillion won. Governor Choo Mi-ae says the problem is next year, and the council is pushing for a local tax overhaul.
Reality
Gyeonggi Province has asked Seoul to designate 6.9 square kilometers of Paju a Peace Economic Zone under a 2 trillion won plan. Paju is one of several sites the province is preparing for a program meant to produce only about four zones nationwide.
Reality
Gyeonggi Governor Choo Mi-ae wants Korea's planned 162.3 trillion won fund to reinvest its semiconductor tax windfall in the regions that produced it. Her proposals touch three of the fund's four accounts, and the criteria she wants would steer much of that money toward Yongin, Pyeongtaek and Icheon.
Reality
Gyeonggi's governor wants the local consumption tax rate taken from 25.3% to 40.3% in stages, plus a twentieth of corporate tax revenue sent to regional governments. Kim Min-seok said the party would discuss it.
Reality
The final enforcement decree of Korea's semiconductor competitiveness act deletes the clause that would have barred the capital region from applying, and softens four more non-capital preferences.
Reality