A parliamentary committee on Dec. 5, 2018 failed to adopt a report on the finance minister nominee, a move that could cast a pall over the nomination process.
The main opposition Liberal Korea Party boycotted the parliamentary finance committee as the rival parties were at odds over how to handle next year's budget.
|The main opposition Liberal Korea Party boycotts the parliamentary finance committee on Dec. 5, 2018.|
The opposition party questioned whether Hong Nam-ki is a right person to tide over South Korea's grave economic situation, though it stopped short of opposing the adoption of a committee report on the nominee.
The ruling Democratic Party gave the nominee a clean bill of health, saying Hong is fit to implement the country's economic policy.
On Dec. 4, 2018, members of the parliamentary committee grilled the nominee at a parliamentary confirmation hearing.
The deadline for the parliament to adopt a report falls on Dec. 5, 2018.
Under the law, a president can ask the National Assembly to adopt a report on a nominee if the deadline is missed.
Hong was nominated by President Moon Jae-in last month to lead the Ministry of Economy and Finance.
The parliamentary confirmation hearing is widely seen as a formality because his formal appointment does not require approval from the National Assembly.
In South Korea, prime minister is the only Cabinet post that requires parliamentary approval. (Yonhap)
Shin Jin-seon firstname.lastname@example.org
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