• News & Events

    NABO Conducts 2019 Annual Consultation with International Credit Rating Agency Moody’s

    NABO Conducts 2019 Annual Consultation with International Credit Rating Agency Moody’s

    On April 24th, 2019, NABO Chief Lee Jonghoo welcomed the delegation for the annual consultation from Moody’s, an international credit rating agency, and discussed Korea’s overall fiscal and economic issues. This bilateral annual consultation meeting was held for the first time upon the request of Moody’s. The consultation team commended NABO’s competency as a parliamentary fiscal think tank operating from a politically neutral position and expressed its intention to build a network between the two institutions. Moody’s expressed its appreciation for how this annual consultation has significantly helped enhance its understanding of the Korean economy and fiscal situation, asking to continue exchanges. Meanwhile, starting with NABO, the delegation conducted annual consultations with major Korean i...
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  • The inauguration ceremony of the 8th Chief of NABO

    News & Events

    Lee Jonghoo Takes Office as the 8th Chief of NABO

    The inauguration ceremony of the 8th Chief of NABO was held on March 18th at the main auditorium of the National Assembly Library of Korea, in which all staff participated.
    Chief Lee Jonghoo, who was appointed on March 18th upon the approval of the House Steering Committee of the National Assembly, majored in public administration at Yonsei University, earned a master’s degree in urban administration at Yonsei University and a master’s degree in public administration at the University of Oregon in the USA. Throughout his 30-year career in public service since passing the 9th Legislative Examination in 1988, Mr. Lee has served the National Assembly as Director of Proceeding Division, Bureau of Proceeding; Legislative Attaché, Embassy of the Republic of Korea in China; Director General, Bureau of Proceeding of the N.A.; Staff Director of the Special Committee on Budget and Accounts; Mi...
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  • Celebration of the 15th Anniversary of the Establishment of NABO

    News & Events

    Celebration of the 15th Anniversary of the Establishment of NABO

    On Friday October 19th, National Assembly Budget Office celebrated the 15th anniversary of its establishment at the central hall of the National Assembly Annex Building. Moon Hee-sang, Speaker of the National Assembly, Hong Young-pyo, floor leader of the Democratic Party, Kim Kwan-young, floor leader of the Bareunmirae Party and other VIPs as well as approximately 180 staff members of NABO participated in the ceremony.

    The ceremony began with the screening of the 15th anniversary celebratory video and proceeded through the commemorative address by Chunsoon Kim, Chief of National Assembly Budget Office, presentation of plaques of appreciation to congressmen, words of encouragement by Moon Hee-sang, Speaker of the National Assembly, and congratulatory address by floor leaders of congressional parties.
    In his words of encouragement, Speaker of the National Assembly Moon Hee-sang...
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  • Lauch of NABOSTATS

    News & Events

    [NABO News] Lauch of NABOSTATS is now live

    The National Assembly Budget Office (Chief of NABO Chunsoon Kim) launched the first version of both desktop and mobile websites of its fiscal and economic statistics system (NABOSTATS; www.nabostats.go.kr) on September 1. NABOSTATS is a statistics information system by which NABO can now render comprehensive fiscal and economic statistics information service for the National Assembly's legislative activities. The system will support legislative efforts by providing not only fiscal and economic statistics but also statistics related to major policies of parliamentary committees and government departments, statistics on North Korea, and statistics from international bodies such as the OECD and the IMF. NABOSTATS also presents the National Assembly's deliberation history in a structured manner, particularly concerning its fiscal activities including modifications, incidental opinio...
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  • AMRO annual consultation team visits NABO

    News & Events

    AMRO's annual consultation team visits NABO

    The National Assembly Budget Office (NABO) received the annual consultation team from the ASEAN+3 Macroeconomic Research Office (AMRO) on August 30 (Thursday) and discussed economic trends and major issues in Korea.
    The seven-member annual consultation team headed by Dr. Sumio Ishikawa, lead economist of AMRO, met Jongku Lee, head of the Administrative Budget Analysis Division, and analysts from the Budget Analysis Department, Estimates and Tax Analysis Department, and Economic Analysis Department to review fiscal performance and discuss the fiscal outlook, fiscal stability, and other issues.
    AMRO is a regional macroeconomic surveillance organization representing all ten ASEAN member states (Big 5: Indonesia, Malaysia, Thailand, Singapore, and the Philippines / Small 5: Brunei, Cambodia, Laos, Myanmar, and Vietnam) plus Korea, China, and Japan.
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  • Hosting of a Grand Debate on National Finance in Celebration of the 70th Constitution Day

    News & Events

    Hosting of a Grand Debate on National Finance in Celebration of the 70th Constitution Day

    Hosting of a Grand Debate on National Finance in Celebration of the 70th Constitution Day

    On Monday July 16th, 2018, NABO (Chief: Chunsoon Kim) held a Grand Debate on National Finance in Celebration of the 70th Constitution Day to review the role of national finance in the context of economic development over the past 70 years and discuss a new paradigm for national finance in an altered policy environment.

    NABO Chief Kim Chunsoon explained that as we celebrate the 70th anniversary of the adoption of the constitution, this debate was prepared for the National Assembly and academia to come together and reflect upon the role of national finance within the context of economic growth and explore the role finance will play in the coming years.

    Speaker of the National Assembly, Moon Hee-sang highlighted the overwhelming number of challenges such as social polarization, youth unempl...
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  • NABO Successfully Concludes the 10th OECD PBO-IFIs

    News & Events

    NABO Successfully Concludes the 10th OECD PBO-IFIs

    NABO Successfully Concludes the 10th OECD PBO-IFIs - 81 participants from 36 countries and 10 international organizations and institutions seek better directions for budget management-

    ❑ NABO (Chief: Chunsoon Kim) announced that the 10th Annual Meeting of the OECD Network of Parliamentary Budget Officials and Independent Fiscal Institutions (OECD PBO-IFIs) held from Monday July 2nd to Wednesday July 4th, 2018, was successfully concluded. The OECD PBO-IFIs is an annual meeting first launched in Rome, 2009, in response to the 2008 global financial crisis. In this meeting, 35 OECD member countries and representatives of independent fiscal institutions that provide independent analyses on economic and budgetary issues come together to discuss positive directions for fiscal management, including ways to enhance fiscal soundness.

    ❑ This meeting was held in Asia for the first time, host...
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  • Reach Out Program: Spreading the Love at Sorok Island

    News & Events

    Reach Out Program: Spreading the Love at Sorok Island

    On May 25th, 2018, NABO payed a visit to Sorokdo National Hospital in Goheung-gun, Jeollanam-do, as part of a reach-out program to support patients struggling with leprosy.
    NABO Chief Kim Chunsoon and 20 staff members delivered gifts that included sneakers and funds, and participated in an environmental cleanup. Chief Kim also held a roundtable meeting with the head of Sorokdo National Hospital as well as the chairman and members of the Sorokdo Village Community to receive an update and exchange views regarding the health and welfare conditions of leprosy patients and the challenges faced by employees in managing the hospital.
    Chief Kim said that “NABO will continue to be involved in efforts to correct the misconceptions surrounding leprosy, promote a healthy lifestyle for leprosy patients and improve compensation for employees.”
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  • News & Events

    National Assembly Budget Office visited Korea Polytechnic University

    Chunsoon Kim, Chief of National Assembly Budget Office, and executives visited KPU(Korea Polytechnic University) to inspect Youth Job Creation Measures on April 24th. KPU has been running 「Contract Major」 implemented based on Industry-specific vocational education.

    Dr. Kim met with Hyunho Ann, President of KPU, and said he hoped that the Contract Major could be positioned as a talent training course that can be directly linked to youth job creation. In addition, Dr. Kim visited TIP(Techno Innovation Park), and discussed about operations of concurrent daily learning and early-employment contract major with school staff.
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  • News & Events

    National Assembly Budget Office visited the Vocational Rehabilitation Facilities for the Disabled

    Twenty of the executives of the National Assembly Budget Office, including Chief, Chunsoon Kim, visited EM Practice in Seoul (Geumcheon-gu, Seoul) on April 20 for the Disabled People Day. NABO staff participated in activities with disabled, who are committed to production activities by overcoming disability, and encouraged employees who exert oneself to improve disabled people’s working environment.
    Dr Kim said "Disabled people are a valuable member who can live in harmony in our society" at the meeting with Young-Hwan Kim, Director of EM Practice, Hang-Ran Kim, Chairman of the Vocational Rehabilitation Facility Association, and emphasized the importance of vocational rehabilitation facilities to give them opportunities.
    In the future, National Assembly Budget Office will continue to look at ways to increase the number of opportunities for severely handicapped people, and to r...
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