Tuesday, November 3, 2026 · Morning
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Politics · Under review · 12 sources combined p. 1 / 2
Justice Minister candidates narrowed to two
Photo: 연합뉴스 In short The Presidential Office has narrowed Justice Minister candidates to two lawmakers: Park Gyun-taek and Yang Bu-nam.
Both previously served as heads of high prosecutors' offices and were involved in responding to legal risks for President Lee Jae-myung.
The ruling People Power Party strongly opposed, calling it favorable treatment and reciprocal favor.
Key facts When On October 25, the Presidential Office announced it is reviewing the two lawmakers as leading candidates. Who Democratic Party lawmakers Park Gyun-taek and Yang Bu-nam both have backgrounds as heads of high prosecutors' offices. What The Justice Minister candidates were narrowed to these two people, and background checks have begun. How Park was involved in defense regarding Baekhyeon-dong and Seongnam FC suspicions; Yang responded as chair of the Legal Affairs Committee.
What it means for me
The Justice Minister appointment result could influence the direction of prosecutorial investigations and trials.
Why does this matter? Both candidates were involved in defending the president's legal risks, so fairness concerns in the appointment process are expected.
Politics · Planned · 3 sources combined p. 2 / 2
821 trillion won budget bill submitted
D-25 Deadline December 2 · Legal deadline for National Assembly processing of budget bill
Photo: 매일경제 In short President Lee Jae-myung explained next year's budget bill to the National Assembly on November 2.
Next year's budget is 820.9 trillion won, the largest ever.
A new fund will be created with 162.3 trillion won in additional tax revenue from the semiconductor boom.
Key facts When Delivered a policy speech at the National Assembly plenary session on November 2, 2026. Who President Lee delivered his fourth budget policy speech since taking office. What The 2027 budget bill is 820.9 trillion won, an increase of 93 trillion won (12.8%) from this year. How The National Assembly will begin budget committee questioning on the 4th or 5th and must process it by the legal deadline of December 2.
What it means for me
It is important to monitor how the tax revenue will be spent on housing, jobs, consumer finance, and investments in youth and local regions.
Why does this matter? The National Assembly will review and decide how the record-breaking budget and additional semiconductor tax revenue will be used.
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