SEOUL, Nov. 11 (Korea Bizwire) – President Park Geun-hye expressed hope Wednesday that a social security commission will lead the country’s welfare policies.
“I hope that (the commission) will always worry and make efforts from the point of the people and build internal stability of social security policies, as well as act as the centripetal force of the sustainable national development and the happiness of the people,” Park said during the commission’s meeting at Cheong Wa Dae.
It marked the first time that Park presided over the commission’s meeting since its establishment in 2013.
“It is not too much to say that the future of our country’s welfare system will be different based on the activities of the social security commission,” Park said.
Park introduced the “social security basic law,” also known as the “Park Geun-hye welfare law,” when she was a lawmaker in the previous administration. The bill passed through the National Assembly in December 2011 and took effect after a year of preparation.
The law calls for the central government to draw up a “basic five-year social security plan” that specifies key welfare policies and measures to raise funds for them.
Under the plan, regional governments put together their own five-year policy plans. The first five-year period was set for 2014-2018.
“It reminds me of five years ago when I was a lawmaker, pushing forward with the overall revision of the social security basic law,” Park said.
The commission was established under the Prime Minister’s Office with the participation of experts in social security to oversee the formation and implementation of the five-year plans.’